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about us

Explore the world of
Actuarial Sevices

Lux Actuaries & Consultants is an independent actuarial consultancy with offices in Bahrain, Greece, India, Kenya, Mexico, the UAE, Nigeria and Sierra Leone. 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. 

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graphic-dots-light-blue-20pPRACTICE AREAS

What we can
do for you

Life Insurance

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.

General Insurance

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.

Health Insurance

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.

Banking

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.

Employee Benefits

Lux performs actuarial valuations of employee benefits, in accordance with International Financial Reporting Standards, including IAS 19 and US GAAP, for many clients. Our reports are easy for accountants and auditors to use and implement.

Data Science

Data Science is an integral part of our business. We handle a very high amount of data daily and we have managed to automate our processes in order create accuracy and efficiency.

Enterprise Risk management

We work closely with the main stakeholders to develop and implement successful ERM frameworks, within a considered Corporate Governance and Internal Control environment.

Social Security

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.
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Some useful
information

Interactive Dashboards
KSA & UAE Market Summary

Interactive Dashboards

White Papers
Take a look at our reports and guides for information on specific topics.

White Papers

e-Books
Take a more in-depth look at our reports and guides for information on specific topics.

e-Books

WHY LUX ACTUARIES

A trusted partner for actuarial consulting

Quality

Reputable companies require the credibility of professional actuaries, with integrity and the experience required to solve problems.

Timeliness

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.

Relationships

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

What people say about us

Communication is key - Underwriter
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 keyUnderwriter
Care and deliver - Top 5 KSA company C-Suite feedback

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 deliverTop 5 KSA company C-Suite feedback
Enhancing growth - Global insurance group
Lux has been a valuable partner in our growth process. We look forward to continue working with them.
Enhancing growthGlobal insurance group
Experience counts - Insurer startup CEO
Their exceptional business acumen has helped our team identify and pursue new opportunities.
Experience countsInsurer startup CEO
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Request a
call back

Our team has a broad range of international experience and skills, with access to local multi-disciplinary experts, which enables us to offer smart solutions and fully integrated support.

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