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 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.

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

Jun

Do's and don'ts when embarking on an IAS 19 valuation

For companies wishing to adopt IAS 19 for the first time or considering a transition to a new IAS 19 provider, there are certain measures that can be taken to ensure the valuation process runs efficiently and smoothly.

Apr

Lux Actuaries War Risk Model to be presented at the Insurance Data Science Conference

Lux Actuaries is excited to announce our participation in the 5th Insurance Data Science Conference, taking place on 15-16 June 2023 at Bayes Business School, City University of London. The conference brings together academics and practitioners in areas including data science, analytics, machine learning, artificial intelligence, computational statistics and software, as applied in the insurance industry.

Apr

The Evolution of Investment Management: The Rise of the OCIO

Outsource Chief Investment Officer (OCIO) represents today’s evolution of best practice in investment for institutional investors. OCIO provides a complete investment function, similar to in-house investment management functions of yesteryear. However, in-house solution is no longer commercially viable except for the very largest institutional investors, which is why outsourced solutions like OCIO have become mainstream.