Insurance platform Ethos Technologies shares dropped in its trading debut, after the company and some of its shareholders raised roughly $200 million in an initial public offering. Peter Colis, Co-Founder and CEO of Ethos tells Bloomberg that the company’s technology-driven life insurance platform is designed to help agents issue policies faster while managing risk responsibly. He says Ethos uses large datasets along with machine learning models to price policies accurately without relying on traditional exams. He joined the conversation on “Bloomberg Markets” with Scarlet Fu. (Source: Bloomberg)
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