Category Archives: News

Lux Actuaries & Consultants Launches New Office in Kenya

The new office is the first to be set up in Africa and will serve as the base for operations in Sub-Saharan Africa. Lux Actuaries & Consultants, an independent actuarial consultancy with offices in Abu Dhabi, Bahrain, Cyprus, Dubai, Greece, …

Using alternative data sources for credit scoring and marketing

With AI continuing to be a significantly disruptive force in various industries, there is an emerging trend in making use of alternative data sources when making strategic decisions in areas such as customer profiling and marketing. Alternative Data – What …

Insurance industry: Adjusting to a Post-COVID19 world

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, …

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 …

Lux Actuaries Greece & Mega Brokers: Risk Management

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 …

UAE Regulator Awards Most Distinguished Actuarial Company

Lux Actuaries & Consultants is proud to be re-awarded as the 2018 “Most Distinguished Actuarial Services Company” by the UAE Insurance Authority at the recent UAE National Day celebrations in Abu Dhabi. Lux was previously awarded this title in 2017. …

Lux presentation to King Fahad University for Petroleum and Minerals

By Rakan Muawad, Actuarial Analyst, UAE Download the presentation pdf here The demand for actuarial students has increased significantly in the GCC, especially in Saudi Arabia. SAMA (Saudi Arabian Monetary Agency), the authority that regulates insurance operations in the KSA, …

Ind AS 19

  Adoption of Ind AS 19 has become mandatory, from 1 April 2016, for all companies having net-worth of INR 500 crores or more. The holding, subsidiary, joint-venture or associate companies (‘affiliates’) of such companies captured by this new requirement …