Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Verily, the health company owned by Google's parent company Alphabet, announced that it will start selling insurance through a new product called Coefficient.
Coefficient will sell stop-loss insurance, which is bought by employers, not consumers, to cover the cost of employees' health claims that exceed a predetermined limit. The move could help Verily generate income, and the trove of health data it has amassed could give it a competitive edge in the eyes of insurers.
Verily previously launched a slew of resources meant to fight COVID-19, including a symptom-screening website and testing centers. Before that, it ran Baseline, an "ambitious effort to map human health." Verily said it will not used data gathered from its COVID-19 testing centers for its insurance product.Google's sister company Verily will start selling insurance through a new subsidiary called Coefficient Insurance Company, the firmCoefficient is one of the Verily's first products launched with a clear income stream. Verily's main venture so far has been
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