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.
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.
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.
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.
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 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.
We work closely with the main stakeholders to develop and implement successful ERM frameworks, within a considered Corporate Governance and Internal Control environment.
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.
Optimize and manage financial resources and investments and cash flow to match liabilities.
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.
Lux Actuaries & Consultants is thrilled to announce our continued support and participation at the Arab Actuarial Conference 2024, set to take place at the Four Seasons Hotel in the Republic of Tunisia from April 23rd to April 25th, 2024.
As we reflect on the third quarter of 2023, the journey towards full compliance with the International Financial Reporting Standard 17 (IFRS 17) in the GCC has reached a crucial juncture. In this blog, we examine the dynamics of the GCC insurance landscape, shedding light on the impacts of IFRS 17 adoption, and uncovering key trends prevalent in the region.
North Africa - Egyptahmed.email@example.com
North Africa - Francophonemohammed.firstname.lastname@example.org
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