ABOUT US
Explore our world of
Actuarial Services
Lux Actuaries & Consultants is an independent actuarial consultancy with offices in Bahrain, Egypt, Greece, India, Jordan, 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.
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
31
Dec
What is an Actuarial Valuation? A Comprehensive Guide for Saudi Businesses
Learn what an actuarial valuation is, why KSA companies must comply with IAS 19 for End-of-Service Benefits (EOSB), and how it aligns with Saudi Labor Law and SOCPA
Read more about What is an Actuarial Valuation? A Comprehensive Guide for Saudi Businesses
31
Dec
What is an Actuarial Valuation? The Essential Guide for UAE Businesses
Understand what an actuarial valuation is, why it is mandatory for UAE companies under IAS 19, and how it impacts your End-of-Service Gratuity (EOSG) liabilities and corporate tax
Read more about What is an Actuarial Valuation? The Essential Guide for UAE Businesses
31
Dec
Beyond Compliance: Precision IAS 19 Actuarial Valuations for the Modern Saudi Arabian Enterprise
Experience the gold standard in IAS 19 reporting. Lux Actuaries provides specialized, independent actuarial valuations for End of Service Benefits (EoSB) and long-term employee obligations. Benefit from regional expertise and reports designed specifically for seamless audit integration across Saudi Arabia
Read more about Beyond Compliance: Precision IAS 19 Actuarial Valuations for the Modern Saudi Arabian Enterprise
