WELCOME TO LUX

Complete range of Actuarial Services

Interested in learning more about our services? Our executives take the time to discuss about your business's background and needs in order to help you reach the right decisions for the financial wellbeing of your organisation.

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ACTUARIAL
SERVICES

ABOUT US

Explore our world of
Actuarial Services

Lux Actuaries & Consultants is an independent actuarial consultancy with offices in Bahrain, Egypt, Greece, India, Kenya, Kuwait, Nigeria, Saudi Arabia, Sierra Leone, South Africa and the UAE (both Abu Dhabi and Dubai). Our local presence in multiple locations allows us to provide pragmatic solutions that always take account of the local market and the needs of our clients, unconstrained by any overriding corporate policy. We enjoy a close working relationship with our clients based on trust, integrity and professionalism, as we strive to provide the highest levels of service.

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PRACTICE AREAS

What we can
do for you

Life Insurance

Lux is the appointed Actuary to a number of leading Insurance Companies, with services including the review of statutory figures prepared by the internal actuarial department and/or appointed actuaries.

General Insurance

Our aim is to excel in the three key areas listed below when considering insurance business, during our Process to Profitability (P2P) - Accurate Pricing, Informed Underwriting, Capable Claims Management.

Health Insurance

From pricing reports and medical provider network banding to
healthcare data analytics, our
Actuaries offer a suite of services across the health insurance spectrum tailored to meet the individual client requirement.

Banking

With our banking services our clients enjoy the following outcomes; increased revenue, increased staff and/or systems efficiency and effectiveness, reduced cost(s) and/or improved predictability of budgeted outcomes.

Employee Benefits

Lux performs actuarial valuations of employee benefits, in accordance with International Financial Reporting Standards, including IAS 19 and US GAAP, for many clients. Our reports are easy for accountants and auditors to use and implement.

Data Science

Data Science is an integral part of our business. We handle a very high amount of data daily and we have managed to automate our processes in order create accuracy and efficiency.

Enterprise Risk management

We work closely with the main stakeholders to develop and implement successful ERM frameworks, within a considered Corporate Governance and Internal Control environment.

Social Security

We conduct extensive research into short-term and long-term demographic and economic trends, analysis of experience in mortality and morbidity rates, and prepare reports on the financial aspects of the Social Security System.

Asset Management Consulting

Optimize and manage financial resources and investments and cash flow to match liabilities.

Resources

Some useful
information

NEWS

Recent blog posts

Oct

Beyond Numbers: Empowering Stateless Communities Through Actuarial Insight

When people think of actuaries, they often picture us crunching numbers in insurance companies or financial firms. However, the actuarial skill set can be applied to much broader challenges. Recently, I had the opportunity to use my actuarial expertise to assist stateless individuals in their quest for citizenship, particularly among the Kenyan-Asian community. What began as a technical assignment became a deeply human experience, reminding me of how our profession can create lasting, positive change.

Sep

Sustainability Reports: A Key to Long-Term Business Success

In today's rapidly evolving business landscape, prioritizing sustainability is essential for achieving long-term success and resilience. Many countries are now legally mandating companies to conduct sustainability reports. A key component of these sustainable strategies is the comprehensive assessment of a company’s environmental impact. Additionally, companies must investigate the social return on investment (SROI) to measure the societal benefits generated by their activities.

Sep

Crafting a Comprehensive Sustainability Report for Your Business

Crafting a sustainability report requires strategic planning. It must outline a comprehensive approach for embedding sustainability into a company’s core operations. A well-prepared report not only serves as a statement of commitment towards a sustainable future but also acts as a tool for engaging with stakeholders on sustainable development.