An Interest In:
Web News this Week
- March 18, 2024
- March 17, 2024
- March 16, 2024
- March 15, 2024
- March 14, 2024
- March 13, 2024
- March 12, 2024
August 25, 2020 07:53 pm
Original Link: https://www.theverge.com/2020/8/25/21401124/alphabet-verily-insurance-coefficient-stop-loss
Verily, Googles health-focused sister company, is getting into insurance
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 health claims out of pocket buy stop-loss insurance. Once they hit the predetermined point of money they pay for their employees’ health, the stop-loss insurance company pays the rest.
Insurance is something of a departure for Verily. A previous...
Original Link: https://www.theverge.com/2020/8/25/21401124/alphabet-verily-insurance-coefficient-stop-loss
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge