Category Archives: General Insurance

Solvency II, ERM

Experience is Key Lux is a key partner to more than 20 companies in various EU jurisdictions in assisting in the implementation of Solvency II  and ERM in an efficient and value adding manner. Our involvement spans all three pillars …

Financial Condition Reporting project

Change for the better Lux started working with this UAE based insurer early 2017, when major changes to the Company began. At the time Lux became the Appointed Actuary, the client was effectively insolvent, the business was performing poorly, and …

Quota Share optimisation project

Quota Share optimisation for Solvency purposes A company, under capital strain due to fast premium growth, asked us to consider what proportion of their motor portfolio should be ceded to minimise risk of falling below capital requirements, while still retaining …

Reserving project

Boardroom Battle We performed reserving for all lines of business for a UAE based insurer as per the requirement of the Insurance Authority (“IA”). The report is not a requirement for reserving unless it is a year-end exercise, but as …

Machine Learning – Applications to Insurance Pricing

 Introduction Say you’ve just received data for motor insurance pricing for a new company. You want to model claim counts, but you’re not quite sure what rating factors really affect counts just by looking at the data, because there’s 2 …