WELLESLEY, Mass., July 8, 2019 /PRNewswire/ -- Sun Life U.S.
has named Jennifer Collier senior
vice president of Stop-Loss & Health, the largest independent
stop-loss insurance provider in the country, with 2,300 employer
clients covering more than 4.7 million people, and $1.7 billion in premium.
Collier joins Sun Life from Cigna where most recently she was
chief operating officer of its middle market operations. As a
registered nurse and MBA, Collier brings both clinical and business
management expertise to risk and cost management strategies for Sun
Life's self-funded employer clients. Many employers self-fund
their health plans, which can leave them vulnerable to high-cost
claims. Stop-loss coverage protects self-funded employers from
these claims, which impact 85% of self-funded employers in any
given policy year.
"Jen's experience brings a unique perspective in leading our
stop-loss business and continuing to develop expanded solutions for
our self-funded clients," said Dan
Fishbein, M.D., president of Sun Life U.S. "Our Stop-Loss
& Health business is focused on recognizing trends that can
help self-funded employers reduce and manage costs while improving
medical care for members. Jen's background is an ideal fit for Sun
Life's approach to guiding clients through complex, high-cost
claims, and I look forward to bringing her expertise to our
dedicated clinical and claims teams."
Collier spent 17 years at Cigna, where she held senior
leadership roles in U.S. commercial business, spanning national
accounts to small business lines, including clinical operations,
strategic implementation, underwriting, and stop-loss.
"I am thrilled to be working with the Stop-Loss & Health
team at Sun Life, and seeing first hand all of the innovative
approaches they have fostered in managing high-dollar claims," said
Collier. "The right balance of clinical and cost management is how
we achieve better outcomes for patients while providing effective
solutions for our clients."
Sun Life has been in the stop-loss business for over 35 years,
and offers extensive risk management expertise and tools that help
self-funded employers effectively manage the cost of their employee
medical benefits. As head of Stop-Loss & Health, Collier will
oversee all aspects of the Stop-Loss business, including the
development of new health initiatives and solutions, such as the
Clinical 360 program which combines data analytics and clinical
expertise to identify cost containment and improved treatment
options for self-funded employers and their employees. In 2018 Sun
Life's Clinical 360 program achieved over $6.2 million in savings for employers.
Before joining Cigna Collier was a cardiac nurse at a
Connecticut hospital, and earlier
in her career she focused on increasing states' capacities to serve
children with disabilities through grants from the U.S. Department
of Health and Human Services. She received her Bachelor of Science
in nursing from Saint Joseph College,
and her MBA in finance and marketing from the University of Connecticut School of Business.
About Sun Life
Sun Life is a leading international financial services
organization providing insurance, wealth and asset management
solutions to individual and corporate Clients. Sun Life has
operations in a number of markets worldwide, including Canada, the United
States, the United Kingdom,
Ireland, Hong Kong, the
Philippines, Japan,
Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March
31, 2019, Sun Life had total assets under management of
C$1,011 billion. For more
information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
In the United States, Sun Life
is one of the largest group benefits providers, serving more than
60,000 employers in small, medium and large workplaces across the
country. Sun Life's broad portfolio of insurance products and
services in the U.S. includes disability, absence management, life,
dental, vision, voluntary and medical stop-loss. Sun Life employs
approximately 6,000 people in its U.S insurance and asset
management businesses. Group insurance policies are issued by Sun
Life Assurance Company of Canada
(Wellesley Hills, Mass.), except
in New York, where policies are
issued by Sun Life and Health Insurance Company (U.S.)
(Lansing, Mich.). For more
information, please visit www.sunlife.com/us.
Media contact:
Devon Fernald
Sun Life U.S.
781-800-3609
Devon.Portney.Fernald@sunlife.com
Connect with Sun Life U.S.
https://www.facebook.com/SLFUnitedStates/
https://www.linkedin.com/company/sun-life-financial/
https://twitter.com/SunLifeUS
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SOURCE Sun Life U.S.