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Erica Chan

Consulting Actuary
Amsterdam, NL

Tel: +3 120 7601801

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Professional Designations

  • Fellow of the Society of Actuaries


  • BBA, Chinese University of Hong Kong

Current Responsibility

Erica is an Actuarial Analyst at Milliman's Amsterdam office. She joined the firm in 2010.


Erica provides support on various projects including appraisal valuation, embedded value reporting and Asian market research/entry strategy work.

She has worked on various projects:

  • Assisted in M&A projects in Hong Kong, Thailand, Malaysia, Indonesia and China, calculating the appraisal value for the company.
  • Performing model review for India IPO projects.
  • Key member of Milliman team advising companies in Philippines, Thailand, and Hong Kong on sale of stake, with main responsibility for embedded value and value of new business calculations.
  • Providing ongoing support to the appointed actuary of a major bancassurance company in Hong Kong, which covers annual actuarial investigation, valuation, product development and pricing, business plan, dynamic solvency testing, and adhoc services.
  • Supporting windshield valuations for a number of insurance companies and performing a business planning exercise to illustrate the potential values of new business of several selected bancassurance businesses
  • Performed embedded value review and value of new business for FWD Thailand in 2016 and responsible for Prophet model review and process management review.
  • Provided support on a Thailand market research project and Indonesia strategy project.
  • Constructed majority of the actuarial models required in a recent appraisal valuation project in Thailand for the acquisition of a bancassurance company.
  • Constructed business plan projections for a joint venture opportunity in China and Thailand.
  • Worked on various Taiwan projects. Key member in the modelling team in building actuarial models for profit testing purposes, appraisal valuation and actuarial software implemenation.
  • Responsible for the unit-linked products modeling in an India M&A project.
  • Supported pricing and benchmarking projects for various markets for Sunlife.

Erica is experienced in modeling, using program MG-ALFA, Milliman's market-leading proprietary ALM system, Prophet, and Microsoft VBA.

  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman