Verily, Google’s health-focused sister company, is getting into insurance
▻https://www.theverge.com/2020/8/25/21401124/alphabet-verily-insurance-coefficient-stop-loss
It’s launching a new subsidiary, Coefficient Verily Life Sciences, the health care company owned by Alphabet, is getting into insurance, the company announced today. Verily is launching a new subsidiary for the effort called Coefficient Insurance Company, which will be backed by the commercial insurance unit of Swiss Re Group. Coefficient plans to offer stop-loss insurance. The explanation for stop-loss is a little technical, but it boils down to this : Employers that pay for employee (...)
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