Table of Contents
As Canadians, we rely on life and health insurance to protect what matters most, our families, our health, and our financial security. Assuris exists to ensure that protection remains in place, even if an insurer experiences serious financial difficulty.
Assuris’ mandate is to be prepared for the resolution of any life and health insurer in Canada. Resolution is the structured process by which a financial institution that is failing, or likely to fail, is restructured or wound down in an orderly way. It ensures that policyholders continue to receive the protection they depend on, while maintaining confidence and stability across the industry. You can think of resolution as a safeguard for the future: a proactive framework designed to protect millions of Canadian policyholders and preserve trust in the life and health insurance system, even in times of financial stress. (For more background, see “Resolution for insurers: Assuris’ commitment to stability and protection beyond financial viability”.)
A Growing and Specialized Field
Resolution expertise is a relatively new, and rapidly evolving, discipline within Assuris and across the insurance industry. As Assuris plays a leading role in resolution planning and, when necessary, the resolution of a life and health insurer, the work involves close coordination with regulators, member companies, international bodies, and other stakeholders. (This collaborative approach is further explored in “Cooperation and Coordination at the Heart of Insurance Resolution”.)
In this environment, effective resolution work requires deep and diverse expertise across the life and health insurance industry, regulatory oversight, resolution planning, mergers and acquisitions, financial and operational risk management, and stakeholder engagement, as illustrated below.
At Assuris, we are proud to have a dynamic and highly experienced team dedicated to this mission. Together, they work collaboratively with stakeholders across the industry to strengthen preparedness, enhance stability, and ultimately better protect Canadian policyholders.
Meet the Resolution Analysis Team
Lambert Ex-Ignotis
Vice President, Resolution Analysis
Lambert is responsible for building the Resolution Analysis practice within Assuris. In his role, Lambert stays at the forefront of industry-wide and company-specific developments that could lead to member company failure and coordinates closely with regulatory authorities during intervention processes. He also works closely with member companies to support resolution planning and assess potential funding obligations, particularly for IAIG members. Since joining Assuris in 2023, Lambert has brought extensive experience in corporate development and mergers and acquisitions (M&A), including within the life and health insurance sector. He is actively engaged in monitoring domestic and international developments in insurance resolution and advancing Assuris’ perspective on life insurance resolution framework issues.
Augus Li
Associate, Resolution Analysis
Augus is responsible for resolution analysis related to non-IAIG members, including the development of a risk-rating framework and its associated automation and operational processes. He conducts deeper assessments of members presenting elevated resolution risk and supports complex resolution analyses for Internationally Active Insurance Groups (IAIGs). Since joining Assuris in 2024, Augus has brought strong expertise in corporate development and economics applied to the insurance industry, combined with deep experience in asset valuation, financial modelling, and data management.
Aparna Prabaharan
Associate Vice President, Resolution Analysis
Aparna is a senior leader in risk management and risk transformation, with over a decade of experience in the financial services sector. She has led large operational and systems-related transformation initiatives, strengthening governance and control frameworks through enhanced processes, controls, and oversight. At Assuris, Aparna supports resolution planning for Canadian IAIGs, focusing on the integration points between business functions and shared services such as IT and supplier management. Her work helps ensure that critical functions remain resilient and accessible in a resolution scenario, reinforcing policyholder protection and industry stability.
Diana Stefanova
Associate Vice President, Resolution Analysis
Diana brings extensive experience in recovery and resolution planning gained from leading complex initiatives within a large, internationally active financial institution. At Assuris, she advances resolution planning for Canada’s IAIGs, drawing on deep expertise in governance design, plan development, and specialized resolution workstreams. Having joined Assuris in 2025 after holding senior roles in recovery and resolution planning and strategic risk management within the banking and risk consulting sectors, Diana applies her technical and governance-focused background to enhance industry preparedness and support credible resolution strategies.
