FSRA hosted event

Ontario incorporated insurers board of directors

FSRA Hosted Event
Cross Sector
September 19, 2023
All Day
The Westin Harbour Castle, Toronto ON

Conference Objective: Develop relations between FSRA and Insurers’ boards. Support and strengthen board directors’ understanding of principles-based regulation (PBR) and risk-based supervision (RBS), which have resulted in higher expectations and accountabilities for Insurers’ boards.

Please take a moment to complete this short survey and let us know how we did:

Post Event Survey



8:30 am – 9:15 am

Conference registration and breakfast

9:15 am – 9:30 am

Opening remarks – (Mehrdad Rastan, Executive Vice President, Credit Union and Insurance Prudential) (see bio)

9:30 am – 10:00 am

Keynote by FSRA CEO – Principles Based Regulation and the Importance of Effective Board Oversight (Mark White, CEO) (see bio)

10:00 am – 10:45 am

Session 1 – Principles Based Regulation (Jordan Solway, Executive Vice President, Legal and Enforcement & Dr. Cristie Ford) (see bio)

10:45 am – 11:00 am

Networking and refreshment break

11:00 am – 11:45 am

Session 2 – Risk Based Supervision (Samreen Hossain, Director, Insurance Prudential Supervision) (see bio)


  • FSRA’s Assessments and Expectations
  • Rating Rigour and Quality Assurance
  • The Integrated Approach - Market Conduct Assessments
  • Q&A

11:45 am – 12:30 pm

Session 3 – Evidence-based Policy (Dan Padro, Director, Policy – Credit Unions, Insurance Prudential & Pensions and Steve Kokaliaris, Director, Approvals and Insurance Prudential Practices) (see bio)


  • How FSRA develops guidance and rules
  • 4-year Workplan
  • Q&A 

12:30 pm – 1:30 pm: 

Lunch and networking break

1:30 pm – 2:15 pm:  

Session 4 – Culture: Foundations for Effective Governance (David Maxwell, Head, Regulation and Strategic Initiatives) (see bio)


  • Clarifying accountability
  • Mechanisms for reinforcing culture
  • Role of the board 
  • Q&A

2:15 pm – 3:15 pm

Session 5 – Leader Character Framework – Part 1 (Bill Furlong and Mary Crossan) (see bio)


  • Leader Character Dimensions
  • Why leader character is important in developing effective boards and for organizational excellence and well-being
  • Q&A

3:15 pm – 3:30 pm

Networking and refreshment break

3:30 pm – 4:30 pm

Session 6 – The Leader Character Framework – Part 2 (Mary Crossan and Bill Furlong) (see bio)


  • Continuation from session 5
  • Case studies
  • Q&A

4:30 pm

Conference end

Resources and relevant links

Risk Based Supervisory Framework for Insurers (RBSF-I)

Integrated Approach

Guidance Development / Requirements

FSRA Rules

Work Plan for Insurance Prudential Rules/Guidance

Summary of Insurance Prudential Work Plan