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.

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 Matching & Selection

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

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.

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.

Resources

Some useful
information

NEWS

Recent blog posts

May

Reinsurance Optimization in the Middle East: Lessons One Year After the UAE Floods

In today's volatile global environment, insurance companies across the Middle East are facing a convergence of unprecedented challenges. The April 2024 UAE floods, the most severe in at least 75 years, served as a stark reminder of how climate-related catastrophes can test the financial resilience of regional insurers. These events, coupled with a hardening reinsurance market and evolving regulatory frameworks, have made reinsurance optimization not merely advantageous but essential for long-term stability and growth in the insurance sector.

Apr

Unlocking Potential: The Role of Data and Analytics Maturity Assessments in Shaping Your Data and Analytics Strategy

In today’s data-driven world, the capacity of an organization to harness data and analytics effectively is a critical differentiator. Yet many organizations struggle to answer a fundamental question: How mature are we in our data and analytics journey?

Apr

GCC Insurance Performance in FY2024: Key Insights and Emerging Trends

Despite macroeconomic and operational challenges — ranging from extreme weather events to the introduction of corporate tax in the UAE — the GCC insurance sector ended FY2024 on a profitable note. Listed insurers across the region posted a combined after-tax profit of USD 2.1 billion, underscoring the sector’s resilience in an evolving landscape.