Alphabet’s Verily Plans to Use Big Data for Health Insurance
- Company to help assess risks for employers who self insure
- Plans to integrate data from mobile devices may spur concern
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Verily, the Alphabet Inc. life sciences unit that’s previously targeted mosquito-borne illness and launched Covid-19 testing programs, is getting into the health insurance business.
On Tuesday, the San Francisco Bay Area company announced a new subsidiary named Coefficient Insurance that will also be backed by Swiss Re Corporate Solutions, the commercial insurance unit of Swiss Re Group.