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LUX

22

Feb

Lux's new Riyadh location: Embracing a New Chapter of Growth

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.

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LUX

16

Feb

Lux Actuaries to Support Arab Actuarial Conference 2024 as Platinum Sponsor

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.

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LUX

19

Dec

Navigating IFRS 17: Insights from Q3 2023 in the GCC Insurance Landscape

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.

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LUX

08

Nov

UAE Announces Pioneering Employee Benefits Scheme for Private Sector Workers

Aimed at enhancing the welfare of workers in the private sector and free zones, the United Arab Emirates (UAE) has unveiled a new end-of-service benefits scheme. This innovative system includes the establishment of savings and investment funds, which will be closely monitored by the UAE Securities and Commodities Authority in collaboration with the Ministry of Human Resources.

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LUX

25

Sep

Embracing IFRS 17: Insights from Q2 2023 in the GCC

As we find ourselves at the halfway mark of 2023, the GCC insurance landscape continues its journey toward full compliance with the International Financial Reporting Standard 17 (IFRS 17). Based on the performance of 78 listed insurers, the latest findings paint a picture of both progress and challenges in this evolving regulatory landscape.

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LUX

15

Jul

GCC Insurers Embrace IFRS 17: Transition Impact Negligible, but Challenges Linger

Most GCC insurers have successfully adopted IFRS 17 with the transition having a negligible impact on the overall equity in the industry, although there are variations at an entity level. However, key challenges remain, with solvency deficits emerging as a prominent concern, leading to credit rating downgrades and the need for remedial plans.

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