August 25, 2020
(Reuters) – Alphabet Inc’s <GOOGL.O> life sciences division Verily on Tuesday launched a new subsidiary offering commercial insurance products, backed by reinsurer Swiss Re Group.
Verily’s Coefficient Insurance Company will help self-funded employers to control cost volatility in health benefit claims through a data-driven model, the company said.
(Reporting by Munsif Vengattil in Bengaluru)
