Elevance Health To Acquire Granular Insurance Company From Verily

Elevance Health plans to acquire Granular Insurance Company, a stop-loss insurer, from Verily, a health care and life sciences company that is part of Google’s parent company Alphabet. Since 2020, Granular Insurance Company has offered medical stop-loss, reinsurance, and fronting products. Financial terms of the deal have not been disclosed.

Granular Insurance Company was initially called Coefficient Insurance Company. Verily launched it to offer medical-stop loss insurance to self-funded employers. Granular Insurance’s Precision Risk solution combines data analytics with multi-year rate protection, enhanced by health management innovations, to better control employer costs. The . . .