Forbes February 17, 2025
Elevance Health says its acquisition of Verily’s Granular Insurance is designed to bolster its offerings to self-funded employer clients.
Elevance, which operates Anthem brand Blue Cross and Blue Shield health plans in 14 states, has scores of regional and national employer clients. Financial terms of the deal aren’t being disclosed, an Elevance spokeswoman said.
Granular was launched in 2020 as provider of “stop-loss, reimsurance and fronting solutions for self-funded employers and captives.” Under such policies like stop-loss, the insurer becomes liable for losses that exceed certain limits set up between the insurer and an employer’s self-funded policy.
“Through this acquisition, Elevance Health is complementing its existing capabilities and expertise by integrating Granular’s technology and data-driven insights, allowing us to offer...
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