Verily, Alphabet's health tech subsidiary, has sold its precision health startup Granular to the commercial insurance unit of the Swiss Re Group. This marks the latest shift in focus for Verily, which has undergone several pivots since its inception in 2015. Initially focused on hardware like continuous glucose monitors, Verily pivoted to pandemic response in 2020 before shifting to precision medicine in 2022. Granular, launched in 2020 with Swiss Re's backing, provided self-funded employers and captives with medical stop-loss, fronting reinsurance, and fronting solutions.
Verily launched Granular in 2020 with financial backing from the commercial insurance unit of the Swiss Re Group.
Verily's exit from the insurance business is the latest pivot for Alphabet's health tech moonshot subsidiary. Verily is one of Google's sister companies and operates within Alphabet's"Other Bets" category. The Granular sale is the latest in a series of sweeping changes at the precision health company, which hasGranular, initially called Coefficient Insurance Company, in 2020 with financial backing from the commercial insurance unit of the Swiss Re Group.
Business Verily Alphabet Swiss Re Granular Precision Health Insurance Health Tech Startups
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