Google enters the insurance market

GoogleVerily, a subsidiary of Alphabet (Google's parent company), has launched an insurance entity called Coefficient Insurance. In partnership with Swiss Re, Coefficient Insurance has created a health insurance offer.

The new product is based on big data and analytical tools and aims to optimize the expenses of American companies that bear the cost of their employees’ health insurance.

The "stop loss" type contract, is a contract that covers health expenses beyond a certain amount incurred by the underwriter.

Read also | Google embarks on digital health business via Fitbit acquisition

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