Oldwick, New Jersey – October 23, 2020 – AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” to Coefficient Insurance Company (headquartered in South San Francisco, CA) (Coefficient). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Coefficient’s balance sheet strength, which […]
Columbus, Ohio – Oct. 8, 2020 – Coefficient Insurance Company, a subsidiary of Verily Life Sciences, an Alphabet company, has earned a Financial Stability Rating® (FSR) of Aʺ, A Double Prime, Unsurpassed, from Demotech, Inc., the first rating agency to review and rate independent, regional, and specialty carriers. As a tangible manifestation of their effort […]
Coefficient established to help employers realize greater value through “precision risk,” a new data-driven solution to employer stop-loss insurance. Verily, an Alphabet company, is announcing a new subsidiary, Coefficient Insurance Company, that will be backed by Swiss Re Corporate Solutions, the commercial insurance unit of the Swiss Re Group. Coefficient will combine innovative health technology solutions with novel insurance and payment models. Its precision risk solution helps self-funded employers to control cost volatility through a data-driven model that is unique in the traditional employer stop-loss market. Employer stop-loss is a segment of commercial insurance that protects self-funded employers from unexpected and large employee health benefit claims by reimbursing employers for claims above a defined amount.