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.





Explore the world of
Actuarial Sevices

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.



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.



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.


Recent blog posts




How can Insurers enter the UAE’s new End of Service Saving scheme market?

Members in the DIFC will be well acquainted with DEWS – a defined contribution saving scheme that replaced the old unfunded end of service gratuity system. But what about the UAE Mainland? Last October, the MoHRE (The UAE Ministry for Human Resources & Emiratization) published the details for the long-awaited Voluntary End-of-service Gratuity Scheme in Cabinet Resolution 96, which will introduce a defined contribution scheme to the Mainland, though with limited similarities to DEWS.

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GCC Insurance Market Q1 2024: Earnings Surge Amid Investment Gains

Amidst a backdrop of dynamic market conditions and strategic shifts, the GCC insurance sector has demonstrated noteworthy growth in the first quarter of 2024. With a significant boost in investment income, the earnings of listed insurers have seen remarkable improvement, underscoring the evolving landscape of the regional insurance industry.

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Lux Actuaries Sponsors Inaugural IFoA Middle East Conferences in Dubai and Riyadh

Lux Actuaries & Consultants proudly sponsored the inaugural Institute and Faculty of Actuaries (IFoA) Middle East Conference, held in Riyadh and Dubai in May 2024. The event brought together industry professionals, thought leaders, and experts from across the region to discuss current topics and opportunities for professional development.

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