Financial analysis firm Demotech has awarded Coefficient Insurance Company a Financial Stability Rating of Aʺ, A Double Prime, Unsurpassed.
Coefficient provides self-funded employers with a data-based approach to employer stop-loss.
The company is a Verily subsidiary and is backed by Swiss Re Corporate Solutions, the commercial insurance unit of the Swiss Re Group.
Verily is the life sciences and healthcare subsidiary of Alphabet, the parent of Google.
Demotech president and co-founder Joseph Petrelli said Coefficient is uniquely positioned to bring solutions as well as stop-loss insurance to the marketplace.
He also praised its strong balance sheet, data-driven yet innovative technology, as well as the company’s partnership with Swiss Re Corporate Solutions and world class ultimate parent.
Denny Weinberg, CEO of Coefficient, added, “Coefficient is pleased to have received an A Double Prime rating from Demotech.
“It was a pleasure to work with Demotech throughout the rating process; they worked extremely efficiently and thoughtfully to understand Coefficient’s business plan, balance sheet and financial forecasts and to provide Coefficient with a rating quickly.”