Technology-driven health plan Oscar has named former American International Group executive Sid Sankaran as its new chief financial officer. Sankaran, who will join Oscar on March 1, was named chief financial officer at AIG in December 2015 in an executive shake-up by then-CEO Peter Hancock. He oversaw a nearly $500 billion balance sheet and was responsible for AIG’s end-to-end financial operations, corporate development, and capital markets activities. Prior to that, he spent five years as AIG’s chief risk officer and was a key member of the executive leadership team that helped lead the company through its restructuring. Before joining AIG, he was a partner in the finance and risk practice at Oliver Wyman Financial Services. Last December, AIG CEO Brian Duperreault appointed Mark D. Lyons to succeed Sankaran. At Oscar, Sankaran will oversee accounting, financial planning and analysis, strategic finance, actuarial, pricing, and plan design and will be based in the company’s New York headquarters. Oscar, founded in 2012, uses technology and personalized service to help members choose their health care. The Oscar service includes a personalized concierge team that helps members do everything from finding a doctor to processing a claim, a 24/7 Doctor on Call service for members on the go, and a curated network of physicians and hospitals. Source: Oscar Was this article valuable? Yes No Here are more articles you may enjoy. Get the latest insurance newssent straight to your inbox.
Former AIG (American International Group) executive Sid Sankaran has joined health insurance start-up Oscar as its CFO. Sankaran was appointed CFO at American International Group in 2015, having previously served as the company's chief risk officer. Sankaran will oversee such areas of Oscar's business as pricing, plan design and actuarial operations. He will be based at Oscar's New York headquarters.