AXA XL's Alternative Capital Team Selects Clearwater Analytics as its Provider for Investment Accounting Services

Clearwater Analytics (NYSE: CWAN) has been selected by AXA XL's alternative capital team to provide investment accounting services.

Rhea-AI Summary

Clearwater Analytics (NYSE: CWAN) has been selected by AXA XL's alternative capital team to provide investment accounting services. AXA XL, a leading global property and casualty re/insurer, chose Clearwater for its reliable and comprehensive investment management solutions. Clearwater will support AXA XL's investment portfolio by meeting complex accounting and regulatory requirements. This partnership underscores Clearwater's role in simplifying investment workflows and providing accurate, single-source investment analytics.

Clearwater's SaaS-based platform manages over $7.3 trillion in assets and is used by insurers, asset managers, and governments for efficient, scalable investing. This collaboration highlights Clearwater's commitment to delivering cutting-edge solutions to meet strategic growth and regulatory needs in a dynamic market.

Positive

• Clearwater Analytics selected by AXA XL for investment accounting services.
• Partnership with AXA XL, a major global re/insurer, boosts Clearwater's market credibility.
• Clearwater's platform manages over $7.3 trillion in assets, showcasing its industry relevance.
• Clearwater's solutions offer comprehensive support for complex accounting and regulatory needs.
• The collaboration emphasizes Clearwater's commitment to cutting-edge investment management solutions.

Negative

• The press release does not provide specific financial terms of the partnership, leaving revenue impact unclear.
• No mention of new product innovations or upgrades in the partnership, potentially indicating a lack of recent technological advancements.

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BOISE, Idaho and PARIS, June 12, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that AXA XL's alternative capital team has selected Clearwater to provide strategic support for a portion of its investment portfolio. As one of the world's largest property and casualty re/insurers, AXA XL provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally.

After carefully reviewing the investment management reporting solutions in the market, the AXA XL alternative capital team chose Clearwater for its proven reliability, accuracy, and comprehensive ability to meet their complex accounting book of record and regulatory requirements, including customized general ledger entries.

"We're incredibly excited to welcome AXA XL as a Clearwater client," said Keith Viverito, General Manager of EMEA and APAC at Clearwater Analytics. "Our mission is to deliver cutting-edge solutions that radically simplify investment management and accounting workflows and reporting. Our solutions provide our clients with best-in-class investment analytics and a single source of truth for their investment portfolios across all asset classes. These solutions help them achieve their strategic growth and investment objectives and navigate a constantly evolving regulatory landscape."

To learn more about Clearwater Analytics, speak to an expert today.

About Clearwater Analytics

Clearwater Analytics (NYSE: CWAN), a global, industry-leading SaaS solution, automates the entire investment lifecycle. With a single instance, multi-tenant architecture, Clearwater offers award-winning investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Each day, leading insurers, asset managers, corporations, and governments use Clearwater's trusted data to drive efficient, scalable investing on more than $7.3 trillion in assets spanning traditional and alternative asset types. Additional information about Clearwater can be found at clearwateranalytics.com.

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SOURCE Clearwater Analytics

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did AXA XL select Clearwater Analytics for investment accounting services?

AXA XL chose Clearwater Analytics for its proven reliability, accuracy, and ability to meet complex accounting and regulatory requirements.

What is the significance of the partnership between AXA XL and Clearwater Analytics?

The partnership enhances Clearwater's market positioning and credibility by associating with a leading global re/insurer, AXA XL.

How much in assets does Clearwater Analytics manage?

Clearwater Analytics manages over $7.3 trillion in assets across traditional and alternative types.

What industries use Clearwater Analytics' platform?

Clearwater Analytics' platform is used by insurers, asset managers, corporations, and governments.

What are the benefits of Clearwater Analytics' solutions?

Clearwater Analytics provides comprehensive investment management, accounting, reporting, and analytics solutions, helping clients achieve strategic growth and navigate regulatory requirements.