Google sister corporation Verily’s precision hazard enterprise Coefficient, which applies data and systems to employer-sponsored halt-reduction insurance policies, rebranded as Granular Insurance plan, according to a March 15 news release.
Verily founded Granular Insurance policies as a subsidiary previous August with backing from Swiss Re Group’s professional insurance policy device Swiss Re Corporate Remedies. As portion of the offer, Swiss Re designed a minority financial commitment in Granular Insurance coverage.
On the closing of Swiss Re Company Solutions’ investment, the firm’s new name — Granular Insurance coverage — and associated brand name capture its precision possibility small business model and the “granular” framework for predictability above the multiyear partnerships it oversees, in accordance to the news launch.
Granular Insurance employs Verily’s components, software program and knowledge science as properly as Swiss Re’s risk knowledge and distribution capabilities to deliver self-funded businesses with new tech-centered tactic to employer prevent-loss, which is a style of insurance policies that protects self-funded businesses from unpredictable losses.
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