The Uva Wellassa University (UWU) continues to provide the country with the essential manpower in areas where there is a scarcity of qualified people leading often to instances where foreigners had to be hired at a very high cost.
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| Picture shows the university and insurance officials at the head table of the convocation. |
Actuarial Science skills (assessment of risk of insurance and finance) are very scarce and expensive and as a result the insurance and banking Industry in Sri Lanka has to import consultant actuaries from overseas paying fees in the order of USD 1800 for a day’s work.
Following a request by the Sri Lanka Insurance Board, the UVU in 2008 started working on a plan and now there are postgraduates passing out from the UWU with a Postgraduate Diploma.
Last week. a mini-convocation of the UVU was held at the Sri Lanka Foundation, Colombo where Vice Chancellor, Chandra Embuldeniya conferred the Post Graduate Diploma in Actuarial Sciences on several who passed out from that university.
Ms Indrani Sugathadasa, Chairperson, Insurance Board of Sri Lanka making the keynote address said that to become an actuarial one has to be a member of the Royal Institute of Actuarial for 10 years and gain experience.
She said that it is difficult to operate the insurance industry without the technical advice of the Actuarial and those properly trained in Actuarial have a great potential in the insurance market as the industry in Sri Lanka is growing. |
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