Oscar Health appointed former American International Group Inc. chief financial officer Sid Sankaran as its new CFO.
He will oversee accounting, financial planning and analysis, strategic finance, actuarial, pricing and plan design at the consumer-focused, technology-driven health care company and will be based in the Oscar's New York headquarters.
Sankaran “embodies an unmatched breadth and depth of experience in subjects critical to any company, such as capital and strategy, as well as those particularly important at Oscar, such as actuarial and risk,” Mario Schlosser, chief executive officer and co-founder at Oscar, said in a statement. He said Sankaran “will be a valuable addition to Oscar.”
Speaking about Oscar, Sankaran said “I have been impressed with the company's efforts to restructure how insurers and consumers interact, and I see great potential in Oscar's technology-driven approach to bending health care's cost curve.”
Sankaran succeeds Brian West, who left Oscar last year to become CFO of Refinitiv.
Sankaran was most recently CFO at AIG, where 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, according to Oscar. Before that, he spent five years as AIG's chief risk officer and was a member of the executive leadership team that helped lead AIG through its restructuring.
Before joining AIG, he was a partner in the finance and risk practice of Oliver Wyman Financial Services.