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




Impact of Unprecedented UAE Rainfall on the Insurance Industry

The UAE recently experienced unprecedented rainfall, with record single-day levels unseen in over seventy years of available data. The rainfall disrupted life across the emirates, and the insurance industry was not spared from its devastating impacts.

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Insights into FY 2023: Growth and Challenges in the GCC Insurance Market

Amidst robust expansions in key markets, regulatory shifts, and strategic manoeuvres, the GCC insurance industry has undergone significant growth and transformation in the past year. The dynamic tableau it presents is ripe for analysis, especially considering the ongoing journey towards full compliance with the International Financial Reporting Standard 17 (IFRS 17). In this blog, we delve into the transformative dynamics of the GCC insurance industry in 2023, highlighting remarkable growth, persistent challenges, and emerging trends that shape the regional landscape.

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Lux's new Riyadh location: Embracing a New Chapter of Growth

Lux is thrilled to announce our latest venture in Riyadh, Saudi Arabia—a new office location that signifies an exciting chapter in our journey. Since the beginning of this month, our KSA team has proudly established its official home in the heart of Riyadh, marking a significant milestone in our expansion efforts and commitment to the Saudi market.

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