About Luma Strategy

Luma Strategy is an independent actuarial and risk consultancy specialising in general insurance, capital, and governance assurance. We support insurers, Lloyd’s syndicates, MGAs, corporates, and public-sector organisations seeking clear, credible insight into their insurance exposures, financial risks, and procurement decisions.

Our work combines deep technical expertise with straightforward, board-level communication. We provide objective assurance that enables organisations to make confident decisions about reserving, capital, insurance structures, and overall risk management.

To bring clarity, independence, and strong governance to insurance and risk decisions across the insurance industry, corporate sector, and public services.

To deliver high-quality actuarial insight and assurance that strengthens financial resilience, enhances procurement decisions, and supports transparent, well-governed risk frameworks.

We provide independent actuarial and risk advisory services across: 

For Insurers and Lloyd’s Market Entities 

• Capital modelling and validation.
• Reserving and portfolio analysis.
• Solvency UK / Solvency II support.
• Model governance, independent review, and challenge.
• Risk and control framework assessment.
• Technical provisions review and assurance.

For Corporates, Housing Associations, and Public-Sector Organisations

• Insurance procurement assurance.
• Independent review of insurance structures, retentions, and deductibles.
• Claims and exposure analysis.
• Value-for-money assessment.
• Ongoing insurance programme monitoring.
• Risk governance and board-level reporting.
• Independent actuarial input into procurement, risk, and audit committees.

Luma Strategy offers specialist assurance across both pre-procurement and post-procurement stages:

• Reviewing tender documentation, claims summaries, and property/asset exposures.
• Assessing the adequacy of insurance structures and alternative retentions.
• Providing actuarial insight into pricing movements, claims trends, and market conditions.
• Supporting award decisions with transparent, evidence-based analysis.
• Benchmarking insurance programmes against peers and industry standards.
• Monitoring performance of placed insurance programmes and reporting to committees.
   

Our independent perspective gives boards, risk committees, and procurement teams confidence that decisions are robust, transparent, and well-governed.

Integrity – We act with independence and objectivity in all our work.

Clarity – We simplify complexity, turning technical detail into actionable insight.

Collaboration – We partner with clients to design solutions that fit their business.

Excellence – We hold ourselves to the highest professional and regulatory standards.

Innovation – We adapt our methods to meet emerging risks and evolving frameworks.

Clients rely on Luma Strategy for:

• Independent actuarial review that strengthens governance and board confidence
• Expertise across capital, reserving, validation, and risk management.
• Clear, decision-ready reporting written for senior stakeholders.
• Flexible, senior-level support without the cost of large consultancies.
• The ability to bridge actuarial, procurement, and governance needs in one place.

We bring technical depth, independence, and clarity to your most important insurance and risk decisions.