About Luma Strategy

Luma Strategy is a specialist actuarial and governance advisory company operating across the UK, Bermuda and the US.

We help insurers, MGAs, specialty lines organisations and boards enhance the clarity, robustness and regulatory readiness of their documentation, models and decision frameworks.

Our work includes:

• Underwriting & governance documentation
• Board-level decision support
• Actuarial frameworks (reserving, capital, validation)
• Regulatory alignment (Solvency II / Solvency UK / Lloyd's)
• US-focused Documentation Excellence (DEX™) programmes

The company brings together a wide skill set spanning actuarial analysis, risk management, documentation structuring, underwriting governance and technical advisory work.
Through this breadth, Luma Strategy recognises a growing need in the market: clear, coherent documentation that supports governance and decision-making across the business.

Rather than existing solely for this purpose, Luma Strategy incorporates Documentation Excellence as part of a wider suite of capabilities — addressing a gap that frequently emerges as organisations grow and evolve.

Every engagement is grounded in high-quality actuarial analysis, clear communication, and rigorous governance.

To strengthen underwriting, risk and governance clarity through high-quality, technically grounded and practically structured insurance expertise.

Clarity - We remove ambiguity and create documentation, frameworks and structures that support confident, consistent decision-making.

Precision - Our work reflects deep insurance expertise and rigorous actuarial understanding, translated into outputs that are coherent and practical.

Alignment - Underwriting, actuarial and risk perspectives are integrated into a unified governance narrative, avoiding siloed or conflicting standards.

Integrity - Frameworks and documentation reflect how organisations actually operate—not idealised versions that fail in practice.

Discipline - Governance should strengthen underwriting performance, not slow it down. We focus on structures that create accountability and reliability.

Documentation Excellence (DEX™) is Luma Strategy's flagship methodology for modernising underwriting governance and strengthening documentation frameworks.

DEX™ supports organisations that need to:

• Refresh underwriting manuals, appetites and authorities
• Strengthen governance frameworks or prepare for oversight
• Align underwriting behaviour with risk appetite
• Improve model-use documentation or actuarial governance
• Create clarity and consistency across multiple teams or business units
   

DEX™ applies deep insurance expertise and practical structuring to produce documentation that is clear, current and genuinely decision-useful; enhancing rather than replacing wider governance and actuarial work.

Documentation affects far more than compliance. 

Clear documentation supports underwriting discipline, pricing alignment, risk appetite adherence and audit readiness.
As businesses grow or diversify, documentation often becomes inconsistent or outdated — creating friction and operational risk.

By integrating DEX™ into broader governance and actuarial support, Luma Strategy ensures documentation reinforces, rather than constrains, strategic and commercial objectives.

It influences:

• underwriting discipline
• pricing and technical assumption alignment
• governance clarity and audit readiness
• risk appetite adherence
• model-use integrity
• operational consistency across teams
   

As organisations scale or diversify, documentation often lags behind real-world practice.
DEX™ helps ensure governance, risk and underwriting remain aligned — without restricting broader strategic priorities.

Luma Strategy partners with carriers, MGAs, mutuals and specialty lines organisations across the US, UK and Bermuda markets, providing:

• governance and documentation structuring
• underwriting and risk framework clarity
• model-use and actuarial governance support
• capital, pricing and reserving advisory where needed
• independent oversight and specialist review
   

Clients typically seek a combination of technical depth and practical structuring, especially where teams are lean or operating under time pressure.

Breadth of Expertise 

Documentation is one part of a wider technical capability set. Clients benefit from actuarial rigour, governance insight and underwriting understanding.

Clarity and Practicality 

Whether documentation, frameworks or governance artefacts, everything is structured for real-world use.

Cross-Functional Alignment 

Actuarial, underwriting and risk perspectives are integrated into a unified narrative and governance standard.

Speed Without Losing Quality 

Luma Strategy specialises in delivering high-quality outputs within tight timelines, supporting business momentum.

From Documentation Excellence (DEX™) to wider governance structuring and actuarial advisory, Luma Strategy provides specialist, independent support where clarity, alignment and execution matter.

Documentation is one component of a broader governance system — Luma Strategy ensures each part strengthens the whole.