Denpasar, Bali 27th October 2017 - During the annual PAI (Society of Actuaries of Indonesia) Conference, one of the main agenda items was the signing of a MoU (Memorandum of Understanding) between the University of Waterloo/READI and PAI with AAJI (Indonesian Association of Life Insurance Agencies) for collaboration on the development of updated Mortality Tables for Indonesia. The MoU formalizes co-operation between the tripartite to develop updated mortality tables to support the Indonesian life insurance industry. UWaterloo/READI will provide technical assistance to support the joint venture with UWaterloo’s Professor Ken Seng Tan slated to play a leading role by providing technical guidance and advice. As part of its higher education capacity building efforts, the READI project will contract selected READI university partners to provide assistance with related data analysis.
This MoU will help to strengthen linkages between READI and the PAI and AAJI along with working relations between the insurance industry and selected READI partner universities working to enhance actuarial science education in Indonesia. The initiative will support the development of the actuarial profession in Indonesia by providing opportunities for targeted research and the publication and use of up-to-date mortality tables.
From left to right:
Mr. Hendrisman Rahim (Chairman of AAJI); Mr. Bill Duggan (READI-Field Director) and Mr. Rianto Ahmadi Djojosugito, FSAI (PAI President).
