Chief Risk Officer Europe

About Cigna Healthcare

Cigna Healthcare is a global health insurance and service company dedicated to transforming healthcare. With roots in the U.S. and operations in over 30 countries, we serve more than 180 million customers and patients worldwide. Ranked among the Fortune 500, Cigna is recognised as one of the most trusted and influential names in the industry.

Our mission is to improve the health, well-being, and peace of mind of those we serve.

Join our globally recognized brand, where trust, communication, and a positive culture are at the core of everything we do. Our leadership is consistent, approachable, and supportive, ensuring your well-being and work-life balance.

We're looking for individuals who thrive in collaborative environments, are passionate about meaningful change, and want to grow in a company that puts people first.

At Cigna, you'll be part of a purpose-driven team that values innovation, compassion, and impact. Whether you're shaping better care experiences or supporting customers through life's key moments, your work will matter.

Grow with us and help shape the future of healthcare.

Cigna Healthcare in Europe

Cigna Healthcare operates the European business through two Belgian based insurance entities, Cigna Life Insurance Company of Europe and Cigna Europe Insurance Company. Both companies are subject to the Belgian prudential supervision conducted by the National Bank of Belgium and to the supervision of the Financial Services and Markets Authority in the field of conduct regulation. They are the unique risk carriers for Cigna Healthcare's various business lines across Europe, including third countries such as Switzerland and the UK. Total revenues of the European group amount 1.5 billion euro.

About The Role

The Chief Risk Officer (Europe) is a critical role responsible for leading the Risk Management Function of Cigna Healthcare's European Group.

Acting as the Risk Management Key Function Holder, the CRO Europe is accountable for the effectiveness of the enterprise risk management framework and ensuring compliance with related regulatory requirements. This role provides independent oversight of strategic, financial, operational, and regulatory risks while partnering closely with executive leadership to support informed decision-making and sustainable business growth.

The successful candidate will play a key role in the governance of the European business and help ensure the long-term financial strength, operational resilience, and regulatory compliance of Cigna Healthcare.

This is a unique opportunity for an experienced risk leader to influence strategy, strengthen risk culture, and contribute to the success of a global healthcare organisation operating in a complex international environment.

You’ll Be Responsible For:

Enterprise Risk Management

• Leading the development, implementation, and continuous enhancement of the Enterprise Risk Management Framework in line with Solvency II requirements.
• Owning and maintaining the Risk Appetite Framework, including risk limits, monitoring, and escalation processes.
• Leading the Own Risk and Solvency Assessment (ORSA) process and ensuring risk considerations are integrated into strategic planning and capital management activities.
• Promoting a strong risk culture and embedding effective risk management into business decision-making processes.

Financial Risk Management

• Measuring and monitoring underwriting, investment, currency and credit-related risks.
• Leading solvency monitoring, stress testing, capital adequacy assessments and Rating Agency engagement.
• Providing independent challenge and risk-based insight on business performance, strategic initiatives, and key business decisions.

Operational Risk Oversight

• Providing independent second-line oversight of operational risk management, including business resilience, third-party risk, operational resilience, and technology-related risks.
• Ensuring operational risks and incidents are appropriately identified, assessed, monitored, and reported.
• Supporting the ongoing enhancement of internal controls and governance processes.
• Governance and Regulatory Engagement
• Contributing to Boards, Executive Committees, and governance forums, providing independent risk advice and challenge.
• Acting as the primary contact for regulators on risk management matters.
• Leading risk-related regulatory reporting and supporting supervisory reviews and assessments.
• Ensuring compliance with applicable regulatory requirements, including Solvency II.

What You’ll Bring To The Role:

• Extensive experience within insurance risk management, including senior leadership responsibilities within a regulated ins