Insurance and Actuarial Olympiad in Timor-Leste: An Effort to Enhance Risk Literacy in Support of Sustainable Development

Antonius Anton Lie; Andesna Nanda; Jacinto de Oliveira  Junior; May Rista Situmorang; Tasrifin Tahara

doi:10.21009/plpb.v27i02.71936

Authors

Antonius Anton Lie Sekolah Tinggi Manajemen Asuransi Trisakti
Andesna Nanda Sekolah Tinggi Manajemen Asuransi Trisakti
Jacinto de Oliveira Junior Instituto Superior Cristal, Timor Leste
May Rista Situmorang Sekolah Tinggi Manajemen Asuransi Trisakti
Tasrifin Tahara Atase Pendidikan dan Kebudayaan-KBRI Dili

DOI:

https://doi.org/10.21009/plpb.v27i02.71936

Keywords:

effort, risk literacy, sustainable development

Abstract

This study aimed to analyze the implementation of the Insurance and Actuarial Olympiad in Timor-Leste as a non-formal educational initiative to enhance risk literacy and support sustainable development. It employed a descriptive case study design with a non-experimental quantitative approach and secondary data analysis. The data comprised all 105 registration records from the 2025 Timor-Leste Insurance and Actuarial Olympiad. Descriptive analysis was conducted based on participants’ school origins, geographical distribution, and selected competition fields. The results showed that 96 registrants (91.4%) were from Timor-Leste, while nine (8.6%) were from Indonesia. Most registrants were concentrated in Baucau, with 48 participants (45.7%), and Dili, with 27 participants (25.7%). The Insurance category was selected by 62 participants (59.0%), whereas 43 participants (41.0%) selected the Actuarial category. These findings indicate the program’s geographical reach and participants’ initial interest but do not demonstrate an improvement in risk literacy. The Olympiad could be developed into a continuous learning program through preparatory materials, case-based questions, feedback, and pre- and post-event evaluations using validated bilingual instruments.