Oscar Welcomes Sid Sankaran as Chief Financial Officer

New York, NY - Feb. 6, 2019 - Oscar, a consumer-focused, technology-driven health care company, today announced the appointment of Sid Sankaran as its new Chief Financial Officer. Sid brings extensive actuarial and financial leadership experience to Oscar. His first day will be March 1.

Sid most recently served as Executive Vice President and Chief Financial Officer 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. 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 and re-IPO. Before joining AIG, Sid was a partner in the finance and risk practice at Oliver Wyman Financial Services.

“We are eager for Sid to join Oscar’s leadership team. Sid 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. Sid will be a valuable addition to Oscar as we work to expand our footprint, grow our membership, and offer consumers accessible, affordable care,” said Mario Schlosser, CEO and co-founder at Oscar.

“I can’t imagine a more exciting company than Oscar. 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,” said Sankaran. “I’m delighted to be part of the team.”

Sid will oversee accounting, financial planning and analysis, strategic finance, actuarial, pricing, and plan design at Oscar and will be based in the company’s New York headquarters.