New York State Insurance Fund (NYSIF)
Raquel C. Sanchez is the Chief Investment Credit Officer at the New York State Insurance Fund (NYSIF) since 2023. Prior to this role, Raquel C. Sanchez served as Managing Director at Credit Suisse from 2007 to 2023, where responsibilities included co-heading a portfolio management group that managed a $68 billion loan portfolio, while leading a global team of twelve credit analysts and three portfolio managers. Earlier experience includes an Associate position in Investment Management at TIAA from 2002 to 2007, focusing on credit research across various sectors and managing a $1 billion lease finance portfolio. Raquel C. Sanchez's career started in audit roles at Deutsche Bank and Sakura Bank. Educational credentials include an MBA from NYU Stern School of Business and a BS in Finance and Economics from Syracuse University.
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New York State Insurance Fund (NYSIF)
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The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair market place and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere. NYSIF is the largest workers’ compensation carrier in New York State and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 155,000 policyholders, with more than $2 billion in annual premium and $18 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding. In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 61,000 New York employers. In 2018, NYSIF added Paid Family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families.