Blog and News

It is 2021 and we are still in the middle of a pandemic. We have already seen companies that managed to move forward successfully and others that are still struggling.  What is then the path that leads to success? There …

The IFRS 9 accounting standard on Financial Instruments introduced in 2018 included several changes to the accounting treatment of impaired assets. Due to the COVID-19 impact on the economy, many companies are reviewing their impairment methodologies. In light of this, …

In a post-COVID19 world, insurance companies need to carefully consider the changing needs of policyholders. In this article we will be examining how innovation can help drive progress in the insurance industry. We also look at the role of governments, …

  The subject of effective corporate governance and, more specifically, effective corporate risk management is by no means new. Examples of failed leadership at a Board level are however still as common if not more common than what should be …

Lux Actuaries & Consultants is proud to be a lead sponsor for the 2nd Annual Motor Conference on Digital Transformation in Insurance Pricing and Claims Management. Organised by the Emirates Insurance Association, this virtual event will take place on 12 …

Mega Brokers & Lux Actuaries and Consultants Greece: Complete range of insurance and actuarial risk management services. (26/10/2020) Mega Brokers and Lux ​​Actuaries & Consultants Greece are entering into a strategic partnership with mutual benefits in the expansion of their …

Shining some Light on the Black Box that is ML You’ve probably heard that Machine Learning (ML from here) can be highly predictive and sophisticated. Unlike stochastic models, ML algorithms do not rely on any underlying assumptions about the data, …

In the drive to help the Gulf Cooperation Council (GCC) region adopt the new accounting standard for insurance contracts, Lux Actuaries & Consultants, the UAE based independent actuarial consultancy, has formed a strategic partnership with FIS’ Prophet team. Together, FIS …

Premium Magazine: May 2020 By Noman Zafar and Raghav Ohri The recent deferral by another year pushes the IFRS 17 implementation date to 1 January 2023 and is a relief to overburdened insurers, many of whom are firefighting to align …