ABOUT US
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
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.
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.
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 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
CONTENT HUB
15
Mar
An actuarial breakdown demonstrating why the UAE's End of Service Savings (EoSS) scheme offers enhanced financial security and greater potential returns for employees.
Read more about Fiduciary Duty & UAE EOSB: Why the New Savings Scheme Benefits Employees
17
Mar
A professional look at how the UAE's new End of Service Savings (EoSS) scheme mitigates corporate liquidity and cash flow risks for employers.
Read more about Managing Liquidity Risk in the UAE: Moving from Volatile Gratuity Payouts to Predictable Cash Flows
19
Mar
An actuarial analysis of how transitioning to the UAE's Alternative End of Service Savings (EoSS) Scheme can reduce long-term payroll expenses by over 3%.
Read more about The Financial Advantage of UAE’s End of Service Savings Scheme: Reducing Payroll Liability by Over 3%
