Former Managing Director, Actuary Division, OSFI
David Oakden is a retired insurance and actuarial professional in Toronto. He is currently serving on the Boards of PACICC and the Financial Services Commission of the Turks and Caicos Islands. His last full-time position was at the Office of the Superintendent of Financial Institutions (OSFI), where he served as Managing Director in the Actuarial Division. In 2012, his role was expanded to include mortgage insurance, including the supervision of the Canada Mortgage and Housing Corporation. From 2007 until January 2012, David was the primary OSFI representative at the International Association of Insurance Supervisors, serving as a member of the Executive Committee and Vice-Chair of the Technical and Budget Committees. During that period, he was involved in international discussions of the regulatory response to the global financial crisis.
David Oakden is a Fellow of the Canadian Institute of Actuaries and a Fellow of the Casualty Actuarial Society. He has a Ph.D. in mathematics from the University of Toronto. Prior to joining OSFI, he had over 30 years of industry experience, split between consulting and insurance company management. His insurance company experience included senior executive roles and, for over 17 years, he managed the Canadian P&C Actuarial Consulting practice for Towers Perrin. Dave has been active in the actuarial profession and has served as: President of the Canadian Institute of Actuaries, member of the Board of the Casualty Actuarial Society and member of the (Canadian) Actuarial Standards Board. He has spoken frequently at industry meetings on reserving, financial reporting, capital management and risk management.