On 23 December 2022 the Central Bank of the UAE published Model Management Standards and Guidance. The Standards present mandatory modelling practices to be implemented by banks in the UAE and cover general standards applicable to all models as well as specific requirements for the application of these standards. The supplementary Guidance contains recommended principles related to technical aspects specific to certain model types.
Rising interest rates lead to a reduction in employee benefit liability valuations in the short term. However, Finance Directors may be concerned that current valuations may underestimate EB liabilities in the long term.
Lux Actuaries and Consultants and Insurance Monitor bring you the GCC Performance Periodical for Q3 of 2022. This report examines the key metrics for listed insurers in the GCC region and features financial performance along with data tables, stock performance, capital management metrics, an update on mergers and acquisitions and financial strength ratings.
We are pleased to announce the registration of Lux Actuaries & Consultants with the Kuwait Insurance Regulatory Unit (IRU).
Shivash Bhagaloo discusses trends and challenges facing the actuarial profession in the GCC in 2023.
Lux Actuaries and Consultants is proud to have sponsored the Gulf Actuarial Society event held in Dubai on 6 October 2022.
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