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11 September 2022By Ruan van Rensburg
Experience is Key
Lux is a key partner to more than 20 companies in various EU jurisdictions in assisting in the implementation of Solvency II and ERM in an efficient and value adding manner. Our involvement spans all three pillars of this regulatory framework.
We built models and online tools to carry out all quantitative calculations to help reduce reliance on spreadsheets and provide an effective audit trail.
Risk Management is core to compliance with Solvency II. We provided training and detailed guidance for the documentation of risk policies, articulation of risk appetite and implementation of a risk management framework for these insurers of varying profiles.
For Own Risk and Solvency Assessments (ORSA), Lux built the models to carry out financial and solvency projections and provided training in utilising these models in-house for forward looking assessments. We assisted in the preparation of ORSA policies and ORSA reports, maintaining close working relationships with clients and regulators and making sure we addressed all items falling under this new requirement.
For Solvency II and ERM, experience is key.
We combine global expertise with local on-the-ground presence to provide auditor-ready valuations and risk consulting. Explore our core services:
How actuaries are navigating geopolitical risk, inflation, and evolving reinsurance dynamics to strengthen GCC insurance markets in 2026 — from pricing and reserving to capital strategy.
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.
Navigating post-pandemic uncertainty requires robust Enterprise Risk Management. Discover how strategic stakeholder communication and structured ERM frameworks protect organizations and stabilize corporate recovery.
