Lux Actuaries is proud to announce its geographic expansion into Amman, Jordan. Effective September 2025, our new branch strengthens our Middle East presence through the integration of the established Allied Actuarial Consultancy team.
Severe climate catastrophes are producing cascading economic impacts globally. Understand why deep actuarial expertise is now indispensable for accurately pricing accelerating weather-related risks and developing resilient macro-financial strategies.
The GCC insurance landscape faced severe underwriting challenges through Q3 2024. Read our comprehensive market analysis examining regional trends, rising investment income, and shifting corporate strategies.
Propelled by massive investment income gains, the GCC insurance sector demonstrated powerful acceleration in Q1 2024. Read our latest market analysis exploring the strategic shifts and economic dynamics driving the sudden earnings surge.
Despite the rigorous demands of adopting IFRS 17, listed GCC insurers achieved record revenue growth of 19% in 2023, reaching USD 32.2 billion. Dive into the data shaping regional M&A activity, strategic maneuvers, and market expansion.
Cementing our position as the premier actuarial partner in Saudi Arabia, Lux Actuaries proudly announces the opening of our new central office in Riyadh, a strategic expansion demonstrating our unwavering commitment to KSA growth initiatives.
The GCC insurance landscape demonstrated remarkable resilience in Q3 2023, achieving a 91% IFRS 17 adoption rate. Review the latest market analysis covering significant regulatory progress and shifting equity paradigms across listed insurers.
Fundamentally reforming worker welfare, the UAE government has unveiled a modernized End-of-Service savings scheme. Discover the implications of transitioning corporate gratuity obligations into highly regulated, structured investment funds.
By Q2 2023, 83% of listed GCC insurers had successfully transitioned to IFRS 17 frameworks. Explore our analysis of regional trends, exploring how shifting regulatory demands continue to evolve equity and profitability metrics across the sector.
With 78% of listed GCC insurers adopting IFRS 17 by Q1 2023, the financial landscape has fundamentally shifted. Dive into our data detailing why overall equity impact was negligible while net profits and combined ratios saw favorable gains.
As Platinum Sponsors, Lux Actuaries proudly supports the Arab Actuarial Conference 2023 in Egypt. Join leading experts from across the Middle East & Africa to discuss AI, climate change, and the expanding demand for robust life and health products.
The Central Bank of the UAE has implemented strict new Model Management Standards. Discover how these mandatory modeling practices aim to curtail model risk, refine capital requirements, and homogenize decision-making across UAE banks.