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CNBC
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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 giant Swiss Re via a minority investment. The companies did not
disclose the size of the financing, which is still subject to regulatory
approvals.
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Wednesday, August 26, 2020
Alphabet’s Verily enters the stop-loss health insurance market
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