Office of the Superintendent of Financial Institutions Canada (OSFI)
Biographical Sketch: Stuart Wason is Senior Director, Actuarial Division of the Office of the Superintendent of Financial Institutions Canada (OSFI).
OSFI is an independent agency of the Government of Canada and reports to the Minister of Finance. OSFI supervises and regulates over 450 banks and insurers, and some 1300 federally registered private pension plans. Mr. Wason manages and directs OSFI’s actuarial expertise as applied to Federally Regulated Financial Institutions.
Mr. Wason has over 30 years of actuarial, financial reporting and insurance company management experience. Prior to joining OSFI, Mr. Wason was Senior Actuary at Assuris, a not for profit corporation, funded by the Canadian life and health insurance industry, that protects Canadian policyholders against loss of benefits due to the financial failure of a member company. He is a former Director of Mercer Oliver Wyman.
Mr. Wason has been actively involved in the work of the actuarial profession. He served as chair of the Solvency Sub-Committee of the International Actuarial Association (IAA) for several years until 2009. Currently he is Vice-Chair of the Joint Risk Management Section of the SOA/CIA/CAS, a member of the International Association of Insurance Supervisors’ Insurance Groups Sub-Committee and a member of the Joint Forum. Mr. Wason is also a Past President of the Canadian Institute of Actuaries (1999-2000). He is a frequent speaker at international insurance and actuarial conferences on the topics of risk management and solvency frameworks.