Former Top AIG Executive Sankaran Joins Health Insurtech Oscar as CFO

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