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By Rakan Muawad, Actuarial Analyst, UAE Download the presentation pdf here The demand for actuarial students has increased significantly in the GCC, especially in Saudi Arabia. SAMA (Saudi Arabian Monetary Agency), the authority that regulates insurance operations in the KSA, …

By Navarun Jain, Lux Actuaries  Introduction Say you’ve just received data for motor insurance pricing for a new company. You want to model claim counts, but you’re not quite sure what rating factors really affect counts just by looking at …

An Actuary’s Advice to Medical Insurers Shivash Bhagaloo is a Fellow of the Institute and Faculty of Actuaries and Consulting Actuary at Lux Actuaries & Consultants Changes in GCC regulation over recent years have necessitated the Actuary playing a central …

Ind AS 19. With the advent of Ind-AS, now it is mandatory for many organisation to report their financial statement under this new accounting framework.

Is the introduction of pension schemes in the GCC overdue?  Regions like the UAE are making progress towards implementing this important safety net but pensions are still not a common benefit provided within a total reward package. Indeed there are enormous …

The shifting sands of leaving service gratuity

On Sunday, 22nd November, Lux presented a talk to the students of the American University of Sharjah (AUS) on the IFoA’s Certified Actuarial Analyst (CAA) qualification. The purpose of the presentation was to create awareness of the CAA qualification, the …

When one looks at the favorable indicators of economic growth, young generation demographics and low insurance penetration in Turkey, it is easy to understand why it has long been an attractive market for insurers. Motor represents around 50% of the …

We are delighted to announce that we are now working in partnership with Green 13 solutions, a UK based firm specialising in actuarial tools to bring new solutions to our existing and prospective clients, through the innovative and powerful Iris software. …