APU hosts international actuarial summit with 500 participants, industry leaders

KUALA LUMPUR, Jan 15 — Asia Pacific University of Technology and Innovation (APU) successfully hosted the Actuarial Summit 2025, attracting over 500 participants including students, educators, and industry professionals.

The summit was jointly organized by APU and the Institute and Faculty of Actuaries (IFoA) from the UK, with support from the Ministry of Higher Education and local insurance companies.

Dr Shamsuri Abdullah, Deputy Director-General of the Ministry of Higher Education, said the actuarial field now extends beyond insurance to include climate impact assessment and sustainable pension systems.

Paul Sweeting, President of IFoA, stated in a pre-recorded message that the theme "Advancing actuarial excellence for a sustainable future" highlights actuaries' role in building resilient communities.

Associate Professor Dr Rajasegeran Ramasamy, Head of APU's School of Mathematics, Actuarial and Quantitative Studies, emphasized the university's unique BSc in Actuarial Studies with specialisms in data analytics and fintech.

Dr Raja noted the summit achieved its objectives of promoting knowledge, enhancing industry-academia collaboration, and improving student career readiness.

Six CEOs of major Malaysian insurance companies and over 25 industry booths participated, providing mentoring sessions and networking opportunities for students.

APU's Master of Actuarial Science program helps non-actuarial graduates bridge knowledge gaps through foundational models and industry-aligned projects.

The program includes training in data analytics, fintech, and applied modelling to equip students with skills for professional actuarial practice.

The summit underscored Malaysia's commitment to advancing actuarial education and fostering a global, sustainability-focused actuarial ecosystem.