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.

Scroll

ACTUARIAL
SERVICES

LUX

ABOUT US

Explore the world of
Actuarial Sevices

Lux Actuaries & Consultants is an independent actuarial consultancy with offices in Bahrain, Egypt, Greece, India, Kenya, Kuwait, the UAE, Nigeria and Sierra Leone. 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.

LUX

PRACTICE AREAS

What we can
do for you

LUX
LUX

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.

LUX

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.

LUX

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.

LUX

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.

LUX

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.

LUX

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.

LUX

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.

LUX

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.

LUX

Asset Management Consulting

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

NEWS

Recent blog posts

LUX

04

Jan

Model Management Standards and Guidance for UAE banks

On 23 December 2022 the Central Bank of the UAE published Model Management Standards and Guidance. The Standards present mandatory modelling practices to be implemented by banks in the UAE and cover general standards applicable to all models as well as specific requirements for the application of these standards. The supplementary Guidance contains recommended principles related to technical aspects specific to certain model types.

Read more

LUX

14

Dec

Short term gain, long term pain

Rising interest rates lead to a reduction in employee benefit liability valuations in the short term. However, Finance Directors may be concerned that current valuations may underestimate EB liabilities in the long term.

Read more

LUX

30

Nov

GCC Insurance Industry Performance - Q3 2022

Lux Actuaries and Consultants and Insurance Monitor bring you the GCC Performance Periodical for Q3 of 2022. This report examines the key metrics for listed insurers in the GCC region and features financial performance along with data tables, stock performance, capital management metrics, an update on mergers and acquisitions and financial strength ratings.

Read more

Subscribe to our newsletter

To receive your quarterly updates.

By completing this form you are opting into emails from Lux Actuaries. You can unsubscribe at any time.

© 2023 All rights reserved.

Privacy Policy