News archive - June 2019

Thursday, June 20, 2019

READI project gets set to go on co-op education in Indonesia

Representatives from Indonesia's education ministry, Global Affairs Canada and the READI project


The Risk Management, Economic Sustainability and Actuarial Science (READI) Project has helped launch a government initiative launched in April that regulates the implementation of co-operative education in Indonesia.

This initiative is part of the work that READI, housed in Waterloo’s Department of Statistics and Actuarial Science, has been undertaking in Indonesia.

Read the full article on the Daily Bulletin

Wednesday, June 19, 2019

Congratulations Chao Qi (George) Li, winner of the 2019 Samuel Eckler Medal in Actuarial Science

Eckler Winner - Chao Qi (George) Li

The Department of Statistics and Actuarial Science is pleased to announce Chao Qi (George) Li as the winner of the Samuel Eckler Medal in Actuarial Science.

Award description: 

This prize was established to recognize the contribution of Samuel Eckler to the actuarial profession and is provided by Eckler Partners. The medal, which is cast in gold, is awarded each year to the outstanding graduating student in Honours Actuarial Science.

"In addition to his outstanding performance in actuarial science, George demonstrated great potential in statistics, his performance in my upper year biostatistics course was phenomenal!"

LEILEI Zeng, Associate Professor, Department of Statistics and Actuarial Science

Thursday, June 13, 2019

Congratulations Mirabelle Huynh & Wayne Oldford, winners of the annual Department of Statistics and Actuarial Science Teaching Award!

Mirabelle and Wayne smiling


The Department of Statistics and Actuarial Science is proud to announce the winners of the 2019 Teaching Award goes to Mirabelle Huynh and Wayne Oldford!

"Thank you for your commitment to and excellence in teaching"

Stefan Steiner, Chair, Department of Statistics and Actuarial Science

 

Tuesday, June 4, 2019

The Master of Actuarial Science program celebrates 10 wonderful years

Diana Skrzydlo and Mary Hardy


The Master’s of Actuarial Science program (MActSc) celebrated its 10 year anniversary with a banquet dinner on Friday May 31, 2019, welcoming back MActSc alumni, faculty, and special guests. 

At the dinner, the faculty's newest scholarship, the Mary R. Hardy Graduate Award in Actuarial Science was announced. This endowed award was created in recognition of Mary Hardy’s immense contributions to the program and the actuarial profession. This award will be given annually to an incoming MActSc student who demonstrates both academic excellence and a strong commitment to serving the public good through volunteering and community service.

It’s not too late to donate!  Please join us in honouring Mary Hardy by supporting this award. Contributions of any size can be made on the scholarship website.

Monday, June 3, 2019

Michael Wallace breaks down assumptions

Michael Wallace

In his second year of undergraduate studies at the University of Cambridge, Michael Wallace realized that statistics are everywhere when he discovered SIGNIFICANCE magazine. He’s since written a number of articles for the magazine as he believes in helping everyone understand statistics and the importance of the subject in our lives.

He began his post-secondary education thinking that he wanted to study pure mathematics, but his attention turned to statistics because he saw the practical applications. While much of his work is theoretical in the field of biostatistics, working with a lot of equations, Wallace is motivated by real-world questions that we are looking to answer.

While completing his PhD at the London School of Hygiene and Tropical Medicine, Wallace put his theoretical education to work with eye doctors at the University of London. Researchers there were completing a study with patients living with amblyopia, a condition where one eye experiences worse vision than the other. Common treatment includes the use of an eye patch over the good eye to retrain the bad eye through use. In this particular study, the eye patch gathered data.

This practical work taught Wallace about the importance of communication. This included learning how to ask the right questions (even if you think one may sound foolish), being prepared to admit that you don’t know what someone means, and being tactful. Helping the physicians – who are not statisticians – quickly understand complex ideas, such as measurement error, was very important. For example, although an eye doctor assesses your eyesight using an eye chart, measurement error may occur if a patient, unsure of a letter, manages to guess it correctly rather than acknowledge that they cannot see it clearly.