Blog and News

Is the introduction of pension schemes in the GCC overdue?  Regions like the UAE are making progress towards implementing this important safety net but pensions are still not a common benefit provided within a total reward package. Indeed there are enormous …

The shifting sands of leaving service gratuity

On Sunday, 22nd November, Lux presented a talk to the students of the American University of Sharjah (AUS) on the IFoA’s Certified Actuarial Analyst (CAA) qualification. The purpose of the presentation was to create awareness of the CAA qualification, the …

When one looks at the favorable indicators of economic growth, young generation demographics and low insurance penetration in Turkey, it is easy to understand why it has long been an attractive market for insurers. Motor represents around 50% of the …

We are delighted to announce that we are now working in partnership with Green 13 solutions, a UK based firm specialising in actuarial tools to bring new solutions to our existing and prospective clients, through the innovative and powerful Iris software. …

  SAMA – FCR 2015 Circular The Saudi Arabian Monetary Agency distributed the FCR 2015 Circular on 18 September 2015. Key changes in requirements are highlighted below. Most new requirements align with the draft Circular that was circulated earlier in September, albeit with …

Strong growth and deteriorating performance are still the backdrop of a market that’s only recently started on a trajectory towards more onerous regulation. The UAE Insurance Authority (IA) recently published its annual report capturing the key market stats for 2014. …

This is an interesting data presentation, showing an interactive map of migrant origin and destination countries. You can look at individual countries or group them as you like, zoom and pan the map, etc. The information itself gives a feel for a …