Chengchen Li

Chengchen Li, also known as CC Li, is the Founder and CEO of Penguin Benefits, Inc., a company she established in 2020 to simplify and streamline the process of understanding and accessing parental leave benefits.1

Professional Background

Chengchen Li has a unique blend of expertise:

• She is a credentialed actuary with nearly ten years of experience in the insurance industry.13
• She holds the designation of Certified Leave Management Specialist (CLMS).13
• Prior to founding Penguin Benefits, she worked primarily in life insurance product development for over eight years.4

Education

Li completed her Masters in Management at Stanford Graduate School of Business, where she developed the idea for Penguin Benefits while researching the insurance needs of new parents.1

Motivation for Founding Penguin Benefits

The inspiration for Penguin Benefits came from Li's personal experience and research:

• As a new mother, she found navigating parental leave benefits to be a frustrating and complex process.2
• During her research at Stanford, she repeatedly heard from working parents about their difficulties in understanding and accessing their parental leave entitlements.1
• Recognizing this as a significant societal problem, Li conducted extensive interviews with various stakeholders in the field to gain a comprehensive understanding of the issues.1

Penguin Benefits

Penguin Benefits, founded by Li in 2020, is a cutting-edge SaaS platform that:

• Demystifies parental leave benefits for expecting, adoptive, and foster parents.1
• Uses advanced algorithms and user-friendly interfaces to provide personalized guidance on leave benefits.1
• Aims to support both working families and employers by improving access to benefits information and potentially increasing employee retention.1

Through her work with Penguin Benefits, Chengchen Li is advancing the ways in which families can access guided information on their parental leave benefits, addressing a critical need in the workplace.5