• Strategy, Finance, Organization Development

Research Interests

  • Leadership, strategy, risk management, corporate responsibility, innovation, family corporations and health policy, innovations in global value chains; corporate social innovation; youth leaders for social change; health finance and policy; and the governance of conglomerates and family corporations
Back to Adjunct Faculty

Maria Elena B. Herrera, FASP, PhD

Adjunct Faculty, Retired Professor


  • Doctor of Philosophy in Organization Development, Southeast Asia Interdisciplinary Development Institute (Philippines)
  • Master’s Degree in Mathematics, Major in Actuarial Mathematics, University of Michigan (USA)
  • Bachelor’s Degree in Mathematics (Cum Laude), University of the Philippines (Diliman)

Professional and Academic Experience

Past experience:

  • Chief Financial Officer of AIM and Treasurer of the AIM Scientific Research Fund, AIM’s endowment arm
  • Research Director of the AIM RVR Center for Corporate Social Responsibility
  • Chief Financial Officer and Actuary of the Manufacturer’s Life Insurance Company’s Philippine office
  • Practice Leader of the health care, group and risk management practices of The Wyatt Company (Philippines) – now Watson Wyatt
  • Senior Manager in charge of the actuarial department and group insurance services at Lincoln Philippine Life Insurance Company, a subsidiary of the Jardine group of companies
  • Has held general management posts in other industries including insurance broking, actuarial consulting, computer software, personal care manufacturing and marketing
  • Has been in the global advisory council of Abelica Global, a global network of actuarial consulting firms

Other positions held:

  • Associate Professor, Asian Institute of Management 
  • Chief Finance Officer, Asian Institute of Management (1998-2000)                 
  • Columnist, The Standard (2005-present)
  • Director, Solutions Incorporated (1994-present)
  • Managing Director, Solutions Insurance Brokers, Inc. (1994-2015)          
  • Director, Solutions Insurance Brokers, Inc. (1994-present)
  • President and General Manager, East Asia Plans, Inc. (1997-1999)
  • President and General Manager, LTS Philippines Corporation (1998-1999)    
  • Vice President, Chief Financial Officer, and Actuary, The Manufacturer’s Life Insurance Company (Manulife, Phils.) (1993-1995)
  • Consulting Actuary, The Wyatt Company, Phils. (Now Watson Wyatt) (1989-1993)
  • Assistant Actuary, Lincoln Philippine Life Insurance Corporation (now part of Manulife) (1982-1989)


  • Fellow of the Actuarial Society of the Philippines and has served in various capacities, including as Treasurer and as President, in its Board of Governors
  • Member of the Philippine Academy of Management and the International Actuarial Association
  • Mentor, Southeast Asia Interdisciplinary Development Institute:
    2009 – current
    Independent Consultant
    Strategy, policy and finance


  • Barroco, J., & Herrera, M. (2019). Clearing barriers to project finance for renewable energy in developing countries: A Philippines case study. Energy Policy, 135, 111008. doi:10.1016/j.enpol.2019.111008

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