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).
News
Launching of Ministerial Decree on Co-operative Education System
Industry 4.0 has generated a new focus towards globalization and technology in Indonesia. The emphasis on digital economic patterns, big data, robotics and artificial intelligence means exciting new opportunities for education. Indonesian universities need to be more innovative in their curriculum and teaching to produce new generations of competent and competitive graduates in the face of this era of industrial revolution. The ability to think critically, systemically, laterally and entrepreneurial are all key cognitive skills required of today’s post-secondary students.
READI featured in CIA's (e)Bulletin
In April 2019, READI invited Alicia Rollo, CHRL from the Canadian Institute of Actuaries (CIA), to represent both the International Actuarial Association (IAA) and the Canadian Institute of Actuaries at education-related meetings in Jakarta, Indonesia. CIA has been a strong supporter for READI and its work from the very beginning with their letter of support to the University of Waterloo in 2014 to aid their proposal to Global Affairs Canada for the funding to build the actuary profession in Indonesia.
Actuarial Short Course XI - Financial Engineering I
Actuarial Short Course XI - Financial Engineering I
On April 12-15, 2019, the READI Project conducted a short course on “Financial Engineering I”. The training was the 11th of the series of short course held in collaboration with the University of Waterloo in which the Department of Statistics and Actuarial Science faculty members have led the teaching on all short courses. Prof. Ken Seng Tan, PhD, ASA, CERA, and Sunlife Fellowship in International Actuarial Science, was the instructor of the 4 days intensive training program.