Category Archives: Life Insurance

Corporate Governance Principles

  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 …

IFRS 17: The Road so Far

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 …

IFRS 17 project

Overview of the Region With the launch of International Financial Reporting Standard no 17 (“IFRS 17”) by the IASB in 2017, there has been a sense of urgency from regulatory bodies globally towards feasible adoption approaches. One of the main …

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 …

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 …

Life Pricing project

We got ’em all Term In/Assurance (Limited, Single, Regular Pay), Unit Linked, Universal Life, Endowment Assurance – you name it and you get it! Lux Actuaries prices all types of Life Insurance. We recently performed Life Pricing for one of …