The Risk Management, Economic Sustainability, and Actuarial Science Development in Indonesia (READI) project (2015-2021) was undertaken with the financial support of the Government of Canada provided through the Department of Global Affairs Canada (GAC), with the University of Waterloo serving as the Canadian Executing Agency (CEA). The project is housed in the Department of Statistics and Actuarial Science at the University of Waterloo. Additional funding was provided by Manulife Indonesia to support elements of the project to reach its goals.
The objective of the project was to establish Indonesia as a regional centre of actuarial excellence.
The project worked with a range of key stakeholders – including high schools and universities, the insurance and pensions industry, Indonesia’s professional actuarial association, and government agencies – to:
- Increase the number and quality of Indonesian actuarial science graduates available to Indonesian businesses, universities and government agencies;
- Strengthen the linkages between industry, government and educational institutions in support of actuarial science and risk management;
- Deepen the understanding of actuarial science and risk management as a profession.
Risk Management, Economic Sustainability and Actuarial Science Development in Indonesia (READI) Project undertaken with the financial support of the Government of Canada provided through the Department of Global Affairs Canada (GAC).
The University of Waterloo International Development Group (IDG) provides world class technical assistance and project management services to help international, regional and local partners achieve their development goals. Leveraging unique expertise and capabilities from uWaterloo’s internationally renowned faculty and staff, we offer cutting edge capacity in sectors where uWaterloo possesses specialized skills and knowledge.
READI's Field Director, Bill Duggan was recently featured in the Society of Actuaries online magazine which focused on READI's efforts to develop actuaries and actuarial science in Indonesia.
Macleans recently published an article on how the University of Waterloo's READI project is successfully preparing Indonesia for the effects of climate change through risk management and actuarial science.