Canada Partners with University of Waterloo to Help Establish Indonesia as a Centre of Actuarial Excellence
Canada strengthens actuarial sector in Indonesia to stimulate economic growth and stability
May 21, 2015 - Waterloo, Ontario - Foreign Affairs, Trade and Development Canada
Today, Peter Braid, Member of Parliament for Kitchener-Waterloo and Parliamentary Secretary for Infrastructure and Communities, on behalf of the Honourable Christian Paradis, Minister of International Development and La Francophonie, announced Canada’s support to the University of Waterloo for an initiative aimed at helping build a stronger insurance and pension industry in Indonesia to stimulate sustainable economic growth and reduce poverty. In making the announcement, PS Braid was joined by Lois Brown, Parliamentary Secretary to the Minister of International Development.
Canada’s support for the Risk Management, Economic Sustainability and Actuarial Science Development in Indonesia project aims to increase the number and quality of Indonesian actuarial-science graduates to address the country’s growing demand for actuaries.
The initiative is centered on a partnership between the private sector, local educational institutions and Indonesian government agencies. For example, Manulife is supporting the University of Waterloo to provide training, scholarships and work experience for young men and women entering the profession, as well as contributing to high school mathematics programs.
[excerpt from this University of Waterloo news release]