# Michael Chan

> Michael Chan is the Hong Kong-based co-founder, CEO and director of Bowtie Life Insurance Company. A Waterloo mathematics graduate and qualified actuary, he previously co-founded Coherent Capital Advisors and Seasonalife. At Bowtie he leads strategy and product development, combining direct digital distribution with accessible customer service, including Bow Coffee.

- **Role:** Co-founder, CEO and Director at Bowtie Life Insurance Company Limited
- **Organizations:** Bowtie Life Insurance Company Limited, Coherent Capital Advisors, Seasonalife, Society of Actuaries, Actuarial Society of Hong Kong
- **Education:** Bachelor of Mathematics in Actuarial Science, University of Waterloo, Global Management program (executive education), Harvard Business School, Exchange study in Mathematical Finance, ETH Zürich
- **Known for:** Co-founded Hong Kong’s first licensed virtual insurer., Fellow of the Society of Actuaries (FSA) and Certified Financial Planner (CFP)., Led strategy and product development at Bowtie as it announced over US$100 million in annual recurring revenue in July 2026.

## Career timeline

- **2008** — Graduated from the University of Waterloo with a Bachelor of Mathematics.
- **Before 2018** — Co-founded Coherent Capital Advisors and Seasonalife; previously worked in actuarial consulting and investment banking.
- **2017** — A partner insurer was sold and terminated the founders’ agreement to design its digital front end; they chose to pursue their own licence.
- **2018** — Co-founded Bowtie; the company announced its first virtual insurer licence and US$30 million Series A on 20 December.
- **2021** — Discussed the opening of Bow Coffee in Wan Chai as a face-to-face support venue.
- **2025** — Bowtie announced up to US$70 million Series C funding led by Sun Life Hong Kong on 18 July.
- **2026** — Bowtie inaugurated its Wan Chai headquarters on 25 February and announced over US$100 million ARR on 7 July.

## Achievements

- Co-founded Hong Kong’s first licensed virtual insurer.
- Fellow of the Society of Actuaries (FSA) and Certified Financial Planner (CFP).
- Led strategy and product development at Bowtie as it announced over US$100 million in annual recurring revenue in July 2026.

## Latest updates

- **2026-08** — Bowtie’s 30 August transparency update reported over 150,000 customers, customer retention above 93%, and FY2025 insurance revenue of HK$511.8 million.
- **2026-07** — Bowtie announced it had crossed US$100 million in annual recurring revenue.
- **2026-02** — Bowtie inaugurated Bowtie Life Insurance Tower and its flagship Bow Coffee in Wan Chai.
- **2025-07** — Bowtie announced up to US$70 million in Series C funding led by Sun Life Hong Kong.

## Links

- Website: https://www.bowtie.com.hk/
- LinkedIn: https://www.linkedin.com/in/michael-kwan-yu-chan/

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Profile page: https://yespress.io/michael-chan
Published by YesPress — https://yespress.io
Last updated: 2026-10-07