WHAT WE DO
Life Insurance
General Insurance
Health Insurance
Banking
Employee Benefits
Social Security
Asset Matching & Selection
Enterprise Risk Management
Data Science & Analytics
Phone:
+971 4 876 8530Email:
info@luxactuaries.com
Life insurance actuaries assess the long-term financial obligations of products such as term, whole life, endowment, and unit-linked policies. Their work spans statutory valuations, reinsurance adequacy reviews, asset-liability management, and new product pricing through profit testing.
The Life team of Lux has extensive experience in the following services:
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.
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.
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.
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.
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.
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).