accounting

AXA XL ILS Capital Management, the alternative reinsurance capital division of the commercial insurance and reinsurance unit of the AXA Group, is set to use Clearwater Analytics as a provider of investment accounting services.

The Interpretations Committee of the International Financial Reporting Standards (IFRS) concluded recently that it is okay to account for a longevity swap as a single instrument and to measure it at fair value as part of pension plan assets.