How Ansel Health Revolutionized Supplemental Insurance and Raised $50M
Who is Veer Gidwaney?
Veer Gidwaney, the founder of Ansel Health, grew up in Edmonton, Alberta, Canada, and attended the University of Western Ontario before leaving to start his first company. He has a background in health insurance innovation and previously co-founded Maxwell Health, which was later acquired by Sun Life.
What problem does Ansel Health solve?
Ansel Health prevents financial disaster by quickly paying cash for medical issues, making unexpected medical costs manageable for families, unlike traditional slow and complex systems.
Ansel
How did Veer come up with the idea for Ansel Health?
Veer Gidwaney, the founder of Ansel Health, observed that rising medical costs and inadequate insurance coverage were placing immense financial pressure on American families. His prior experience with Maxwell Health, which focused on HR benefits, allowed him to witness firsthand the challenges related to health insurance affordability and the financial burden of unexpected medical events. Motivated by the idea of reducing this financial strain, he began exploring the possibility of creating a simpler, more comprehensive supplemental insurance product.
Before launching Ansel Health, Veer engaged with industry experts to validate the market need and assess regulatory feasibility, ensuring that both consumer interest and compliance requirements were aligned. As he refined the concept, he emphasized automation as a core feature, aiming...
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