University of Nebraska-Lincoln (UNL) is planning to send its actuarial science students to Malaysia for a study trip next year.

In a report by the Daily Nebraskan, UNL’s actuarial science programme announced it’s planning a three-week tour of Kuala Lumpur, Malaysia, slated for May 2020, according to programme director Sue Vagts. UNL’s actuarial science programme has strong ties with several universities in Malaysia.

Meanwhile, John Kalu Osiri, director of the university’s international business programme, said the visit to an emerging insurance market such as Malaysia will teach students about different insurance issues that may not be present in United States, like investment limitations for insurance companies, tuition insurance, and gaps in the global market.

“They will be exposed to some international nuances that are not available to them here,” he said. “The institutional differences can bring about new ideas and new products.”

A number of Malaysian students study actuarial science at UNL each year, with the trip allowing UNL to reciprocate, Osiri said.

Vagts added that the trip may also include visits to neighbouring countries in Asia, allowing students to learn more about insurance and different cultures. The programme also has numerous alumni working in Malaysia, so the trip will provide an opportunity to reconnect, she said.