Lucy Ouyang
FSA, MAAA
Consulting Actuary
Berwyn, PA, US
Lucy is a consulting actuary with the Philadelphia office of Milliman. She joined the firm in 2014.
Experience
Lucy consults primarily with life and health insurance companies to accomplish a variety of goals. Her professional experience includes valuation of fixed-income securities and derivatives, actuarial appraisals for mergers and acquisitions, asset liability management, risk-based capital analysis, cash flow testing, statutory and GAAP valuation, economic capital and assisting insurance companies in quantifying enterprise-wide risks and meeting ORSA requirements.
Lucy is an expert in MG-ALFA® (Milliman’s asset and liability system).
Professional Designations
- Fellow, Society of Actuaries
- Certified Enterprise Risk Analyst
- Member, American Academy of Actuaries
Education
- MS, Actuarial Science, University of Waterloo
- BS, Mathematics, Hartwick College
Publications
Read their latest work
Article
All eyes on assets in life insurance
21 November 2024 - by Fiona Ng, Lucy Ouyang, Ashleigh Sandrock, Jundie Wei
We explore the evolving investment strategies of U.S. life insurers, focusing on private credit and structured assets, as well as recent regulatory developments and proposals.
Article
A holistic approach to balance sheet management
28 May 2024 - by Prannoy Chaudhury, Tony Dardis, Yan Fridman, Kristen Koon, Lucy Ouyang, Stuart Silverman
Our recent interviews with life insurance executives reveal how companies are adopting innovations and adapting to pressures.
Article
Why life insurers are investing in private equity and real estate
16 May 2024 - by Valea 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 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.