
OUR STORY
OUR STORY
Lux Actuaries began in 2005 when a small team of qualified actuaries identified a gap in the Middle East market: organisations with complex actuarial liabilities had no independent, locally present firm to turn to. The choice was a Big 4 firm bundled with audit — or a global consultancy flying in from London.
We chose a different path. We established a resident presence, hired locally, and built long-term relationships with clients who needed an actuary who understood their market, their regulator, and their business — not one who arrived with a briefing pack and left after two weeks.
From a single office in Bahrain in 2007, Lux has grown to 14 offices across the Middle East, Africa, South Asia, and Southeast Europe. We now employ over 125 professionals, including 27 qualified actuaries holding designations from the IFoA, SoA, ASSA, IAI, and CIA.
Throughout this growth, we have remained independent. No mergers. No acquisitions by larger firms. No audit relationships to protect. Our actuarial opinion is the only opinion we sell.
GLOBAL PRESENCE
UAE (Dubai, Abu Dhabi), Saudi Arabia, Bahrain, Oman, Kuwait, Jordan
South Africa, Kenya, Egypt, Nigeria
Greece
India
WHY LUX
We have no audit relationship to protect — our actuarial opinion is the only opinion we sell. 21 years of growth, zero acquisitions, zero audit conflicts. Independence is not a feature — it is our trust architecture.
Every actuary working on your engagement is resident in your market — not flown in from London for two weeks. Your data stays in jurisdiction. Your actuary knows your regulator personally, not from a briefing pack.
IFRS 17, IFRS 9, IAS 19, IFRS 2, and IFRS S1/S2 — all under one roof. Five IFRS solution lines, eleven service areas, four dedicated portals. No need for multiple specialist firms.
REGULATORY AUTHORITY
We fulfil local regulatory requirements in every market we operate in, holding formal registrations where required.
Saudi Arabia
Insurance Authority
UAE
CBUAE
Bahrain
CBB
Oman
FSA
Kuwait
IRU
Jordan
CBJ
Egypt
FRA
Kenya
IRA
South Africa
FSCA / PA
Greece
Bank of Greece
CMA Licensed — Capital Markets Authority, UAE (Category 5, Financial Consultations)
OUR PEOPLE
FIA, FASSA, FSA, FCAS, FIAI, FCIA, CERA — named senior actuaries assigned to every engagement, not junior staff rotating through.