Valea Fredrickson-Coyne

Principal & Consultant

Seattle, WA, US

Valea Coyne currently serves as a principal and senior consultant, specializing in asset modeling for complex and sophisticated investment strategies. She leads the development and enhancement of advanced functionalities within multiple modeling systems, including derivatives, private credit transactions, and exchange rate risk management. She manages multidisciplinary teams that integrate bespoke strategic asset allocation algorithms and third-party vendor tools into the Integrate calculation engine. Her role involves overseeing client projects from initial scoping and planning through technical implementation, quality control, and final delivery. She collaborates closely with clients to identify areas of improvement in their financial models and to strategize solutions that enhance performance and mitigate risk. Her expertise allows her to continually refine modeling processes and develop innovations that align with evolving industry standards. She frequently consults with stakeholders to ensure solutions are technically sound and address specific client objectives. By staying abreast of new industry trends and regulatory changes, Valea tailors strategies to suit each client’s unique needs. She is a frequent researcher and presenter at industry conferences, continually providing guidance on the latest developments in asset modeling.

Download bio

Loading component...

Experience

Valea entered the insurance profession in 1992 as an investment analyst and trader. During this time, she specialized in the modeling and projection of mortgage-backed securities, with an emphasis on collateral mortgage obligations. Over the course of her career, this experience broadened to cover all asset types. Complete areas of expertise include cash flow testing, asset/liability management, and asset modeling.

(1999 – present): Senior consultant in the LTS practice, providing consulting services and asset modeling expertise to life insurance and reinsurance clients by focusing on implementing, enhancing, and supporting Integrate product functionalities.

Publications and Presentations

Profiles of alternative assets in the life insurance landscape

Recognized by the SOA and included in SOA curriculum.

In conjunction with Milliman’s Paris Office.

2024 – ValAct SOA Meeting; Reinsurance ALM Optimization under Bermuda Regulatory Framework
2023 – Life SOA Meeting; Modeling of Alternative Assets and Complex Investment Strategies

Professional Designations

Advanced Structured Security Analytics Certification, Massachusetts Institute of Technology

Education

MS, Finance (Summa Cum Laude), Georgetown University
BS, Mathematics (Magna Cum Laude), Rutgers University
BA, Economics (Magna Cum Laude), Rutgers University
Duration Analysis and Portfolio Immunization Theory Intensive Training Course, University of Illinois, Champaign-Urbana

Affiliations

Valea has been a moderator at Society of Actuaries meetings on software-related topics.

Loading component...

Publications

Read their latest work

Article

Complex assets in insurance and annuity industries

16 February 2026 - by Lucy Ouyang, James Stoltzfus, Valea Fredrickson-Coyne, Ken Qian, Florin Ginghina, Fiona Ng, Tushar Mittal, George Zumanu, Emmanuel Boamah, Jie-Hee Park, Daniel Maka

Structured credit is no longer a niche allocation for life insurers — it’s becoming core to SAA strategy.

Article

Prepayment risk in a VM-22 world: Structural dynamics, scenario behavior, and portfolio implications for life insurers

05 January 2026 - by Valea Fredrickson-Coyne

We consider an insurer's $1 billion investment portfolio to show how the mechanics of prepayment behavior manifest under Virtual Manual (VM)-22.

Article

Bridging the private-credit modeling gap: A nearest-neighbor approach for insurers

23 December 2025 - by Valea Fredrickson-Coyne, George Zumanu

As insurers boost their private credit allocations, we propose a method for projecting cash flows without bespoke modeling.

Article

Temperature-related impacts on solar assets

30 October 2024 - by Valea Fredrickson-Coyne, Charles Bason, Emmanuel Boamah, Wisdom Aselisewine

We analyzed a major European solar farm using two different models to examine how climate factors influence revenue generation and overall return on investment.

Article

Why life insurers are investing in private equity and real estate

16 May 2024 - by Valea Fredrickson-Coyne, Lucy Ouyang, Erica Wilson

Milliman actuaries examine the benefits and risks as life insurance companies diversify into alternative asset classes.

Article

Profiles of alternative assets in the life insurance landscape

18 August 2023 - by Valea Fredrickson-Coyne, Michelle Shen, Lucy Ouyang, Vidushi Bhatia, Yvonne Wang, Erica Wilson, Patrick Zhang, George Zumanu

As life insurers diversify their investments beyond mortgages and bonds, this paper provides a guide to 11 alternative asset classes they may wish to consider.

Valea Fredrickson-Coyne

Loading component...

Experience

Loading component...

Read their latest work

Complex assets in insurance and annuity industries

Prepayment risk in a VM-22 world: Structural dynamics, scenario behavior, and portfolio implications for life insurers

Bridging the private-credit modeling gap: A nearest-neighbor approach for insurers

Temperature-related impacts on solar assets

Why life insurers are investing in private equity and real estate

Profiles of alternative assets in the life insurance landscape

CHOOSE A LOCATION AND LANGUAGE

Valea Fredrickson-Coyne

Experience

CHOOSE A LOCATION AND LANGUAGE