Michelle Lai

• Performed regular embedded value and value of new business reviews, assumption reviews and Prophet model reviews under TEV basis for insurance companies in Thailand and the Philippines.
• Assisted in strategy projects focusing on market benchmarking, including new business margin / assumptions benchmarking.
• Supported the Appointed Actuaries work of year-end valuation for a company in Hong Kong.
• Assisted in a consulting project focusing on the gap analysis on Macau RBC implementation.
• Supported the indexed-product pricing model development for feasibility analysis for a company in Taiwan.
• Assisted in research projects on comparison of capital regimes, including HKRBC, Bermuda basis, and Solvency II.
• Provided on-site secondment support to two multinational insurance companies in Hong Kong on financial reporting, including:
• Performing regular EV including analysis of movement and sensitivity testing and assist in EV process integration
• Supporting stress testing and scenario analyses
• Supporting cashflow checking and business plan projections for IFRS 17

Before joining Milliman as a full-time actuarial analyst, she worked as a part-time intern at Milliman:

• Performing assumptions check on Prophet model for a Thailand insurer
• Working on Thailand industry report used in IPO process for a Thailand insurer
• Assisting in a product strategy project for Asian market for a multi-national company