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
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.
PRASETIYA MULYA UNIVERSITY LAUNCHES THE FIRST CO-OPERATIVE EDUCATION OFFICE IN INDONESIA
On March 12, 2019, Bill Duggan, the University of Waterloo’s READI Project Field Director, joined with Dr. Totok Prasetyo, Director of Institutional Development of Higher Education (Kemenristekdikti), Abdullah Mojadeddi, First Secretary of the Embassy of Canada and Prof. Djisman Simandjuntak, Rector, Prasetiya Mulya University, to open Indonesia’s first Co-operative Education Office at Prasetiya Mulya University.
School Visit in Sumatera
On August 27, 2018, READI's Math Outreach Team visited the high school SMAN 1 Bukit Tinggi in West Sumatera.