Mr. Kannan is the leader of Strategic Risk Associates’ (SRA) Insurance Practice. He is a 20-year veteran of the Insurance industry who brings extensive experience in risk management, risk mitigation, merger and acquisition integration, and financial leadership. Throughout his career, Mr. Kannan specialized in developing high performing teams, remediating high risk processes and integrating new acquisitions.
Mr. Kannan previously served as a Senior Vice President of GE Capital and Genworth Financial (GE Capital’s Insurance division public market spin-off). His work included various leadership roles including Chief Risk Officer of the Group Long Term Care product line, Senior Vice President for Rating Agency Relations, and Vice President of Internal Audit.
Mr. Kannan’s risk management leadership has resulted in significant benefits. Examples include the mitigation of a $50 million insurance reserve misstatement through the risked based process analysis of the actuarial valuation calculations and the preservation of key sales relationships worth $40 million of annual revenue relating to a breach of personally identifiable information.
Immediately prior to joining SRA, Richard served as Senior Vice President and Controller of Transamerica Insurance’s $100 Billion invested asset portfolio. In addition to the quarterly and annual reporting of the investment portfolio, Mr. Kannan designed and implemented a strategic outsourcing of selected accounting and reporting activities, expanding the team’s staffing flexibility.
Mr. Kannan received a Bachelor of Science in Business Administration from the University of North Carolina, and completed the Executive Development Program at Darden, University of Virginia. He is a Certified Public Accountant, and an alumnus of both GE’s Corporate Audit Staff and Financial Management Program.