We are pleased to announce the establishment of Lux Actuaries & Consultants Egypt, incorporated in Cairo with a local Commercial Registration as of May 2022.

When I qualified as an actuary, the so-called financial economics debate was just erupting within the actuarial profession.

Insurance companies in the Gulf Cooperation Council (‘GCC’) region have been working towards alignment with IFRS 17 (the ‘Standard’) for over three years now.

We are proud to formally announce that, as of 7 December 2021, Lux Actuaries & Consultants is officially registered by the Saudi Central Bank (SAMA).

Lux is proud to announce that two of its senior staff, namely Sahib Singh Khosla and Joseph Birundu who work for the Kenyan office.

The IFRS 9 accounting standard on Financial Instruments introduced in 2018 included several changes to the accounting treatment of impaired assets