Life Insurance

LIFE INSURANCE

The Life team of Lux has extensive experience in the following services:

Appointed/Registered Actuary

Lux is the appointed Actuary to a number of leading Insurance Companies, providing statutory actuarial services including the review of statutory figures prepared by internal actuarial departments. We currently hold Appointed/Registered Actuary roles in a range of jurisdictions across Europe and the Gulf, including KSA, Dubai, Jordan, Cyprus, Malta, and Bulgaria.

Reinsurance Assessment

Our Reinsurance Assessment services provide expert actuarial opinions, with supporting evidence, on various reinsurance arrangements. We review active reinsurance programs in detail, assessing the adequacy of cover provided by reinsurers and evaluating their financial strength through predefined metrics to derive the optimal risk mitigation and reinsurance strategy.

Asset-Liability Management

Our Asset-Liability Management (ALM) studies identify all material financial risks arising from your assets and liabilities. We assess the underlying causes of each risk, evaluating macroeconomic factors, the prevailing financial environment, solvency positions, and risk tolerances. We aim to design an optimal investment strategy that aligns risk constraints with expected yield maximization.

Product Gap Analysis, Product Design & Profit Testing

We carry out comprehensive product gap analysis exercises to identify areas for competitive improvement, either by introducing new features to existing products or launching entirely new offerings. Working alongside Management, we structure and fully profit-test optimal product designs using sophisticated actuarial modeling.

Embedded Value Calculations

As part of our Embedded Value Calculations service, we build robust cash-flow projection models to capture the present value of future profits for all active policies, effectively determining the in-force value of the portfolio. We can adjust the net asset value to derive full Embedded Value and, if required, include new business projections to capture Appraisal Value for M&A due diligence or specialized financial disclosures.

Life Board & Management Training

We provide in-depth technical actuarial training for Management and Boards, focusing on risk-based capital approaches and proactive decision-making processes. As part of our training programs, we help develop robust governance frameworks, streamlined underwriting protocols, effective sales tracking, and meaningful Key Performance Indicators (KPIs).