Alphabet Verily enters stop-loss insurance market
▻https://www.cnbc.com/2020/08/25/alphabet-verily-enters-stop-loss-insurance-market.html
Alphabet’s Verily is starting a new subsidiary dedicated to stop-loss insurance. It is taking a minority investment from Swiss Re, a global insurance giant. Verily, which is dedicated to health and technology, has been thinking about the insurance market for years. Verily, the health unit of Google parent Alphabet, is creating a subsidiary to apply technology to a kind of employer-sponsored insurance known as “stop-loss.” The new Coefficient Insurance Co. will be backed by the insurance (...)
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