In the drive to help the Gulf Cooperation Council (GCC) region adopt the new accounting standard for insurance contracts, Lux Actuaries & Consultants, the UAE based independent actuarial consultancy, has formed a strategic partnership with FIS’ Prophet team. Together, FIS …
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. …
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, …
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 …
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 …
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. …