Global trends in actuarial education and professional development

Workshop on: global trends in actuarial education and professional development

On Monday, September 26^th, 2016 the Government of Canada-funded Risk Management, Economic Sustainability and Actuarial Science Development in Indonesia (READI) Project, in collaboration with the Indonesian Otoritas Jasa Keuangan (OJK), will be holding a workshop entitled: Global Trends in Actuarial Education and Professional Development.  The workshop, which will be held from 08:30 – 16:30 on the 25^th floor of Radius Prawiro Building located in the Bank of Indonesia (BI) complex at No. 2 Jalan M.H. Thamrin, Jakarta Pusat, will include senior representatives from the Society of Actuaries (SOA), the Institute and Faculty of Actuaries (IFOA), Persatuan Aktuaris Indonesia, Indonesian insurance umbrella organizations and several leading Indonesian universities, along with representatives from various life and non-life insurance companies and senior officers from OJK, Pusat Pembinaan Profesi Keuangan (PPPK) and other Government of Indonesia (GOI) agencies.  The workshop will formally introduce the READI Project to a wide array of key Indonesian and international partners and stakeholders in order facilitate and strengthen communication and collaboration between partner universities, insurance industry executives, actuary science accreditation bodies and relevant GOI bodies.  Workshop participants will be engaged to help reconfirm and elaborate on key issues and challenges affecting actuarial science education in Indonesia.

The Risk Management, Economic Sustainability and Actuarial Science Development in Indonesia (READI) project’s objective is to establish Indonesia as a regional center of actuarial excellence with attention to gender equity to respond to Indonesia’s growing demand for actuaries. The project will increase the number and quality of Indonesian actuarial science graduates available to Indonesian businesses, universities and government agencies, and help strengthen the quality of actuary science education in Indonesia. Canada is contributing $15.53 million to the initiative and has selected the University of Waterloo, Canada to implement the Project.  The University of Waterloo, with support from Manulife and Commerce International Merchant Bankers (CIMB) Sun Life, will provide training, scholarships and work experience for young people entering the profession, help strengthen the quality of actuary science education in several Indonesian universities, and contribute to efforts to improve high school mathematics programs. The five-year project is slated for completion in October 2020.

Pictured Above: Dr. Paul Mariott, delivering a lecture to the faculty and staff of various universities in Indonesia at Institut Teknologi Bandung, August 6 to 12, 2016

Pictured Above: The READI team meets the Rektor and Staff at Universitas Pelita Harapan: From right to left: Giovani Gracianti (first graduate of the READI M.Sc. program and staff at UPH), Helena Margaretha (Associate Dean of Faculty of Science and Technology), Nello Angerilli (Interim READI Director), Dr. (Hon) Jonathan L. Parapak (Rektor), Bill Duggan (READI Field Director), Jean Lowry (READI Project Director), Budhi T. Yuwono (Senior Assistant to the Rector), Yvonne Rawis (READI Field Office Manager), Manilan Ronald Simanjuntak (Dean), Ken Seng Tan (Special Advisor to READI)

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Risk Management, Economic Sustainability and Actuarial Science in Indonesia (READI) Project undertaken with the financial support of the Government of Canada provided through the Department of Global Affairs Canada (GAC).