WELCOME TO LUX
Interested in learning more about our services? Our executives take the time to discuss about your business's background and needs in order to help you reach the right decisions for the financial wellbeing of your organisation.
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ABOUT US
Lux Actuaries & Consultants is an independent actuarial consultancy with offices in Bahrain, Egypt, Greece, India, Jordan, Kenya, Kuwait, Nigeria, Saudi Arabia, Sierra Leone, South Africa and the UAE (both Abu Dhabi and Dubai). Our local presence in multiple locations allows us to provide pragmatic solutions that always take account of the local market and the needs of our clients, unconstrained by any overriding corporate policy. We enjoy a close working relationship with our clients based on trust, integrity and professionalism, as we strive to provide the highest levels of service.
PRACTICE AREAS
Lux is the appointed Actuary to a number of leading Insurance Companies, with services including the review of statutory figures prepared by the internal actuarial department and/or appointed actuaries.
Our aim is to excel in the three key areas listed below when considering insurance business, during our Process to Profitability (P2P) - Accurate Pricing, Informed Underwriting, Capable Claims Management.
From pricing reports and medical provider network banding to
healthcare data analytics, our
Actuaries offer a suite of services across the health insurance spectrum tailored to meet the individual client requirement.
With our banking services our clients enjoy the following outcomes; increased revenue, increased staff and/or systems efficiency and effectiveness, reduced cost(s) and/or improved predictability of budgeted outcomes.
Lux performs actuarial valuations of employee benefits in accordance with international reporting standards for many clients. Our reports are easy for accountants and auditors to use and implement.
We conduct extensive research into short-term and long-term demographic and economic trends, analysis of experience in mortality and morbidity rates, and prepare reports on the financial aspects of the Social Security System.
Optimize and manage financial resources and investments and cash flow to match liabilities.
We work closely with the main stakeholders to develop and implement successful ERM frameworks, within a considered Corporate Governance and Internal Control environment.
Data science and analytics underpin everything we do. We apply machine learning, predictive modelling, and advanced analytics to turn large datasets into actionable insights across insurance, banking, and employee benefits.
WHY LUX ACTUARIES
Reputable companies require the credibility of professional actuaries, with integrity and the experience required to solve problems.
We recognize the importance of achieving deliverables on-time, where your internal management and external auditors are working within critical timelines. We meet agreed deadlines since your reputation with the regulator and market depends on this, and so does ours.
We are well resourced, with extremely experienced and skilled teams. We can effectively communicate with you at a personal level, to build in-depth understanding and knowledge of the issues you face, thereby helping you to make informed and well considered decisions.
TESTIMONIALS
Lux has very talented professionals who know when and how to listen to their customers and capture their attention by engaging in conversations relevant to their needs.
Communication is key
Underwriter
In our opinion Lux is one the best consulting firms that we work with. 1) they care about us as their client, 2) they deliver exceptional professional standards, 3) the report is very clear and have all necessary explanations and 4) they are always ready for our queries and request for clarifications.
Care and deliver
Top 5 KSA company C-Suite feedback
Lux has been a valuable partner in our growth process. We look forward to continue working with them.
Enhancing growth
Global insurance group
Their exceptional business acumen has helped our team identify and pursue new opportunities.
Experience counts
Insurer startup CEO
CONTENT HUB
When hostilities between the US, Israel, and Iran escalated in late February, the fallout for pension funds landed much closer to home than the Strait of Hormuz.
How actuaries are navigating geopolitical risk, inflation, and evolving reinsurance dynamics to strengthen GCC insurance markets in 2026 — from pricing and reserving to capital strategy.
Evaluate the financial transitions inherent under Cabinet Resolution 96 of 2023. Our original research demonstrates how migrating from the traditional EOSGB to the new EoSS framework delivers compounding, immediate payroll advantages.
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