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I N S U R A N C E | R E I N S U R A N C E | F I N A N C I A L S E R V I C E S | C A P T I V E I N S U R A N C E
CURRICULUM VITAE
KRISHNANDASS CHAITHOO [KRISHAN]
Honeydew, Gauteng • Mobile: +27 [0] 82 454 7981 • Email: kchaithoo@gmail.com
PROFESSIONAL PROFILE
A highly practiced and results-driven Senior Management Professional with extensive experience across a variety of
challenging Senior Leadership/Management functions within Insurance, Reinsurance, Captive Insurance and UMA’s.
Possesses a strong sense of business, wealth of Executive Management experience and specialist expertise in
Insurance. Furthermore maintains specific expertise in Risk Management, Risk Financing and Audit Management as
well as developed market knowledge of local and international Insurance and Reinsurance.
Self-motivated and results orientated, presenting a substantial portfolio of achievements within the Insurance,
Reinsurance and Financial Services sectors – indicating highly developed Executive Management acumen. Additionally
offers the ability to identify opportunities, drive business growth and to effectively analyse challenges and opportunities
via a forward thinking capacity to accurately translate strategic vision into a viable business model.
Professional Affiliations: Fellow of the Insurance Institute of South Africa [1994] | Member of the Eskom Captive
Insurance Company’s Risk, Audit and Board Committees
Key Awards & Accomplishments: Received the Managers Award for Best Manager in 2011/12 [Departmental Award]
and 2012/13 [Divisional Award] – at Eskom Holdings SOC Limited | Awarded Best Fellowship Examination Prize by the
Insurance Institute of Gauteng
PROFESSIONAL STRENGTHS:
 Understands Corporate Governance, PFMA, the
Companies Act and other compliance related
regulations, legislation and best practice.
 Demonstrated ability to articulate the corporate vision
and translate same into effective strategic initiatives
and planning.
 Excellent ability to multi-task, prioritise and efficiently
stay on top of a number of projects at the same time.
 Strong commercial acumen supported by sound
judgement with well-developed conceptual, analytical
and problem solving skills.
 High level of influencing skills required to drive
category opportunities and liaise with both internal
and external stakeholders.
 Resourceful, pragmatic and optimistic – remaining
open to new challenges and opportunities.
 Excellent interpersonal and leadership skills, able to
calmly and clearly guide teams through growth,
innovation and change.
 High level of integrity and commitment to ethical
practice.
 Assertive and astute, yet flexible with receiving
information, ultimately operating as a strong, effective
and contributing team member.
 Ability to see the bigger picture and interpret the
relevance and impact at various organisational levels.
 Takes initiative and delivers in pressurised business
environments.
 Proficient in planning, organising, prioritising and
performing multiple tasks according to importance and
urgency, ultimately ensuring stakeholder satisfaction.
VALUE ADDED DELIVERABLES | EXPERIENCE:
Insurance | Treaty Reinsurance Expertise:
 Managing the design and negotiation process of the overall treaty reinsurance programme.
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 Ensuring that the agreed treaty terms and conditions provide underwriters with the necessary tools to be able to
grow in the market and write a profitable book of business.
 Directing the production of the treaty renewal submissions for the purpose of negotiating treaty renewal terms and
ensuring these submissions adhere to stringent quality requirements.
 Providing Board with technical and financial reports on reinsurer performance of each reinsurer, risk accumulation
exposure and adequacy of reserve on discontinued operations.
 Performing internal and external Audit Management and Tracking and reporting to the Audit Committee accordingly.
 Designing, developing and implementing the Insurance Process Control Manual.
Directorship | Senior Management Acumen:
 Monitoring, guiding and evaluating business development for continuous improvement.
 Shaping and implementing company priorities and infrastructure in order to support the realisation of strategic
goals.
 Implementing, monitoring and evaluating institutional policies, strategic plans and systems.
 Working in partnership with various role-players on strategic initiatives, continuously improving business outcomes,
policies, standards and procedures.
 Total understanding and extensive experience pertaining to the complex components of administering and
managing a department and a business.
 Serving in internal leadership function, including coordinating operational plans and budgets, leading performance
management processes and providing strong leadership presence, guidance and advice.
 Thorough understanding of holistic operational functioning and directing strategies accordingly.
 Ensuring continued financial viability of departmental operations and functions.
Leadership | Human Resource Management:
 Abiding by specific internally established control systems and authorities, leading by personal example and
encouraging all employees to conduct their activities in accordance with applicable laws and company standards
and policies.
 Directing coaching and mentoring as and when required, ensuring that management solutions are identified,
proposed and implemented according to development plans.
 Providing guidance and leadership pertaining to professional liaison and negotiations via the utilisation of
appropriate methods.
 Counselling and directing all personnel in order to ensure complete strategy alliance.
 Ensuring that the responsibilities, authority and accountability of management teams are clearly defined and
understood.
EDUCATION DETAILS
Fellowship in Insurance [Specialising in Reinsurance]; Chartered Insurance Institute of London, 1994
RE1 Exams; Financial Services Board, 2012
Senior Certificate/Matric; Sastri College, Durban, 1975
COURSES COMPLETED
3 Day MBA | Eskom Divisional Leadership Programme | Situational Leadership Development Programme | Henley
Middle Management Programme
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CAREER SUMMARY
CURRENT EMPLOYMENT
Name of firm Eskom Holdings SOC Limited
Designation Insurance Technical and Administration Manager
Period of work May 2006 to Present
Key Roles & Accountabilities:
 Chief Risk Officer, Escap SOC Ltd, an appointment with the FSB.
 Maintains responsibility for the design, pricing, implementation and administration of Eskom’s divisional Insurance
programme as well as the Captive Insurance Company’s [Escap] Reinsurance programme.
 Retains membership of Escap Risk and Audit committees as well as Escap’s Insurance and Risk Financing
Strategy Development team.
 Maintains all reinsurance records and documentation – including contracts, policies, compliance coordination and
execution of agreements.
 Performs Risk Management of the Captive Insurance Company and the Insurance department, reporting to the Risk
Committee as required.
 Prepares ad hoc, scheduled, management, regulatory and audit response reports that comply with company and
regulatory guidelines and standards whilst continually improving the reporting process.
 Maintains responsibility for internal and external Audit Management and Tracking, reporting to the Audit Committee
accordingly.
 Retains accountability for the design, development and implementation of the Insurance Process Control Manual –
including Risk and Control Matrixes and Policies and Procedures.
 Manages, reviews, develops and motivates Insurance technical, underwriting and claims teams.
 Performs Captive Management and offers administrative support accordingly.
 Maintains responsibility for ISO9001:2008 certification for the Insurance Captive.
EMPLOYMENT HISTORY
Name of firm Xiva Insurance Managers [Pty] Limited
Designation Founder, Sole Shareholder and CEO
Period of work July 2004 to December 2005
Company Synopsis:
 Underwriting Commercial and Personal Lines Business
Key Roles & Accountabilities:
 Assured the filing of all legal and regulatory documents and monitored compliance with relevant laws and
regulations.
 Determined the Company’s values, mission, vision and short and long-term goals.
 Identified and addressed problems and opportunities – including trends, issues, problems and activities that may
impact the business.
 Provided general oversight of business activities and managed the day-to-day operations of the Company.
 Assured quality and organisational stability through development, implementation and regular evaluation of
standards, controls, systems and procedures.
 Managed due diligence process to assure timely attention to core issues.
 Implemented programs and services that are produced in a cost-effective manner, employing economy while
maintaining an acceptable level of quality.
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 Directed the fiscal activities of the business – including budgeting, reporting and auditing.
Name of firm TradeSure Underwriting Managers [Pty] Ltd
Designation Shareholder and CEO
Period of work January 2002 to June 2004
Key Roles & Accountabilities:
 Liaised and collaborated with the Board in leading the development of Company strategy. Furthermore lead and
oversaw the implementation of long and short-term plans in accordance with Company strategy.
 Maintained overall responsibility for ensuring that the business is appropriately organised and to achieve the
approved strategy.
 Ensured that business expenditure was within the authorised annual budget of the Company.
 Assessed principal business risks and ensured that risks identified are continually monitored and managed.
 Retained accountability for ensuring that effective internal controls and management information systems are in
place. Furthermore ensured that the Company’s systems are appropriate towards the lawful and ethical conducting
of business activities.
 Liaised between Management and the Board and communicated effectively with shareholders, employees and
external stakeholders.
 Maintained responsibility for keeping abreast of all material undertakings and activities of the Company and all
material external factors affecting the Company.
 Informed and updated Directors, ensuring that sufficient information is provided to the Board to enable Directors to
form appropriate decisions.
 Liaised with relevant parties to determine the date, time and location of the annual meeting of shareholders and to
develop the agenda for the meeting.
FORMER EMPLOYMENT SYNOPSIS
Octogen Limited; General Manager – Insurance, [October 1998 to December 2001]
Key Areas of Accountability: Credit Life Insurance and Treaty Reinsurance | Underwriting Agency Management |
Underwriter to the Company’s Personal Lines and Commercial Lloyds Binder | Bordereaux and Administration of
aforementioned Binders | Motor and Funeral Policies | Business and Credit Life Business.
Chemical & Oil Insurance Brokers; Manager Insurance, [September 1994 to September 1998]
Key Areas of Accountability: Management and Administration of SASOL’s offshore Captive Insurance Company |
Placing and Administration of the SASOL Captive’s Reinsurance Programme.
Alexander Forbes Reinsurance Broking Services [Now Reinsurance Solutions [Pty] Ltd]; Senior Manager – Treaty
Technical Broking, [July 1987 to August 1994]
Key Areas of Accountability: Management of the Treaty and Facultative Technical Division | Treaty Technical Accounts |
Marketing and Underwriting of Treaty and Facultative Business.
Guardian National Insurance Company [Now Santam]; Reinsurance Superintendent, [January 1981 to June 1987]
Key Roles: Maintained responsibility for the design and placement of Guardians Treaty Reinsurance Programme locally
and overseas | Liaised with local and international Reinsurers.
First International Reinsurance Brokers; Broker, [August 1977 to December 1980]
Prudential Life Assurance Company Ltd [Now Liberty Life]; Administration Clerk [January 1976 to July 1977]
PERSONAL DETAILS
Date of birth, Nationality 24 June 1958, South African
Race Indian
Marital status Married
Availability Negotiable
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References and certificates presented upon request.
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References and certificates presented upon request.
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