NexusShield Digital Insurance — Organisational Structure & Human Capital

NexusShield will adopt a lean, technology-centric organisational structure designed for agility and scalability. The Company will be organised into four primary functional divisions: Technology and Product Development, Insurance Operations (underwriting, claims, actuarial), Sales and Distribution, and Corporate Functions (finance, legal, compliance, HR).

Section 12 · Business Plan

Organisational Structure & Human Capital

12.1 Organisational Design

12.2 Headcount Plan

Figure

Headcount — visualised from the accompanying data.

Figure 12.1: Projected Headcount Growth by Function

Function	Year 1	Year 2	Year 3	Year 4	Year 5
Technology & Product	18	35	55	72	85
Insurance Operations	12	25	40	55	68
Sales & Marketing	8	18	30	42	52
Corporate Functions	7	10	15	18	20
Total Headcount	45	88	140	187	225

12.3 Key Hires

In addition to the three co-founders, NexusShield will recruit the following key executives in Year 1:

Chief Financial Officer — Qualified CA(SA) with insurance industry and capital markets experience
Chief Actuary — FASSA-qualified actuary with short-term insurance pricing and reserving expertise
Head of Compliance and Legal — Insurance regulatory specialist with FSCA and Prudential Authority experience
Head of Sales and Partnerships — Commercial insurance distribution leader with broker network relationships
Head of Data Science — PhD-level data scientist with financial services AI/ML deployment experience

12.4 Remuneration Philosophy

NexusShield’s remuneration framework will be benchmarked at the 60th percentile of the South African financial technology sector, supplemented by a meaningful equity participation programme through the 10% management incentive pool (ESOP). The ESOP will vest over four years with a one-year cliff to ensure retention and alignment with long-term value creation.

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