Erica Chan

Erica has worked on numerous important merger and acquisitions, EV methodology reviews and enhancements, actuarial modelling (embedded values, Solvency II/ RBC, US GAAP), and business planning projects in the Asia Pacific region, especially Hong Kong, Thailand, and Vietnam. Her various projects include:

• Playing a leading role or acting as a core member/project manager on various M&A and IPO projects in the Asia-Pacific region. Tasks include: constructing actuarial models required in various appraisal valuations; conducting comprehensive Prophet model reviews; and providing market benchmarking support, including new business margin/assumptions benchmarking, providing expense assumptions benchmarking, and assessing product trends
• Providing support to companies in relation to enhancing embedded value methodology and capital management
• Carrying out business planning for potential joint venture/bancassurance agreements opportunities in several Asia Pacific markets
• Performing appointed actuary tasks for various Hong Kong and Macau companies covering review of experience studies, statutory valuation, solvency testing, actuarial model review, year-end valuation, product development, business plan projection, asset-liability management, and dividend review
• Leading an IFRS 17 model review project for a multinational and providing recommendations on model enhancements required
• Conducting benchmarking exercises for a multinational regarding the IFRS 17 CSM margin across multiple Asian markets, which helped them shape the product strategy
• Assisting multinationals in Singapore and Malaysia to perform feasibility studies and pricing exercise for a new IUL product, including the projection of solvency II capital, local statutory capital, and IFRS 17 financials
• Assisting multiple Taiwan companies to perform feasibility studies and pricing exercises for IUL and FIA products, including the projection of TW-ICS capital and IFRS 17 financials
• Helping a Hong Kong company to build an ALM model for assessing the impact on solvency capital under various market stresses
• Assisting a multinational company to build an ALM model to conduct SAA studies and capital projections under various capital regimes
• Performing purchase GAAP reviews for insurance companies in Hong Kong, Indonesia, and Thailand
• Comparing the cost of capital across various capital regimes and internal economic capital requirements for Asian companies
• Providing local solvency and Solvency II gap analysis support to multiple companies across Asia to understand the capital implication
• Providing climate risk training and climate risk stress testing support to companies in Malaysia
• Performing ORSA reviews for a Hong Kong company
• Assisting as a secondment for companies in various roles, including working with a Belgium company’s IFRS 17 implementation team; working with an ERM team of a large multinational company in The Netherlands on Solvency II ratio sensitivities analyses, preparing the risk section in the company's Annual Report, and assisting on EIOPA stress testing projects; implementing and enhancing actuarial models for Solvency II reporting, performing new product SOE analyses, model efficiency improvements, and model standardisations for companies