As the Sun Life Fellow in International Actuarial Science, Professor Tan will serve as the Chief Actuarial Advisor for the READI project (Risk Management, Economic Sustainability and Actuarial Science Development in Indonesia) that University of Waterloo is currently implementing with the Government of Canada, the Financial Services Authority of Indonesia (‘OJK’) and other partners.
According to Kevin Strain, President, Sun Life Financial Asia, “We are delighted to announce Professor Ken Seng Tan as the recipient of the Sun Life Fellowship in International Actuarial Science and we are confident he is the ideal candidate to lead our efforts in developing actuarial and risk talent in Indonesia.”
Elin Waty, President Director of Sun Life Financial Indonesia, said: “Professor Tan is a highly acclaimed academic and is also well known for his efforts to actively promote actuarial science around the world, especially in Indonesia. She added “He has already been instrumental in establishing the READI project and we look forward to watching the program grow under his guidance.”
Stephen Watt, Dean of Mathematics at University of Waterloo, said: “Professor Tan, working with Dr. Nello Angerilli, had the vision and connections to respond to an urgent need for accredited Indonesian actuaries expressed by senior regulators and insurance industry representatives. Engaging Global Affairs Canada, Sun Life Financial Indonesia and other industry partners allowed the University of Waterloo to create a unique project to address a major gap in Indonesia’s insurance and pensions sector, to promote financial stability and prosperity.”
Sun Life partnered with University of Waterloo and donated CAD$500,000 to establish the fellowship last year. A primary focus of the fellowship is the READI project which aims to establish Indonesia as a regional center of actuarial excellence in Southeast Asia by engaging education, government and industry.
More on the new Sun Life Fellow in International Actuarial Science.