Lawrie Savage

President Lawrie Savage & Associates Inc

Lawrie has been involved with the Canadian insurance industry for over 40 years.  He served as Superintendent of Insurance for the province of Ontario from 1991 to 1995 and worked in senior positions with the Office of the Superintendent of Financial Institutions Canada (OSFI), from 1966 to 1985.  For the last 8 years with OSFI he was in charge of property/casualty insurance supervision.  He was CEO of a Canadian life company for 3 years and also served as Vice Chair of a general insurer.  He was Director, Insurance Consulting Services for Coopers & Lybrand Consulting in Toronto, Canada prior to establishing Lawrie Savage & Associates Inc. in 1997.

Lawrie has carried out many assignments in Canada, particularly involving “smart regulation” models, employing more effective corporate governance, risk based supervision and professional reliance.  He has also worked with more than 30 emerging market countries to modernize their financial supervisory infrastructures and to provide staff training.  He is author of “Re-engineering Insurance Supervision”, a comprehensive paper jointly commissioned by the Inter-American Development Bank and The World Bank.  He was selected by the World Bank and the International Association of Insurance Supervisors to prepare benchmark papers on insurance accounting, corporate governance experience in the Canadian insurance industry and “preventive and corrective measures in supervision”.

Lawrie is a member of the Insurance Advisory Committee of the Toronto International Leadership Centre for Financial Sector Supervision and a member of the Advisory Board for the Risk Studies Centre at the Haskayne School of Business at the University of Calgary.  He is also a director of PACICC, the Property and Casualty Insurance Compensation Corporation.

Lawrie has a BSc in Mathematics from the University of Calgary and an MBA from the Ivey School of Business