Company type | Public |
---|---|
Industry | Insurance |
Founded | 1995 |
Founders | Hussein A. Enan and Darrell Ticehurst |
Headquarters | Gold River, California, USA |
Products | Insurance Marketplace |
Number of employees | Approx. 80 |
Parent | Bankrate |
Website |
www |
InsWeb Corporation formerly operated an online insurance marketplace designed to allow consumers to compare insurance products and rate quotes from a variety of providers. InsWeb does not provide insurance directly. The company connects consumers with multiple providers via a proprietary online technology platform. Customers receive price quotes for the various insurance products they choose and are contacted by outside insurance agents and/or companies to continue the purchasing process. In conjunction with the consumer-facing insurance quote system, they also operate a lead generating site as a marketing source for insurance agents. [1]
InsWeb was founded in 1995 by Hussein A. Enan [2] and Darrell Ticehurst and became a publicly traded company in 1999. [3] As of its IPO date it was the exclusive provider of auto insurance quotes on the Yahoo! internet portal. [4] InsWeb created the second online insurance marketplace.[ citation needed] InsWeb.com was the second website that allowed a user to receive multiple insurance quotes from multiple providers by filling out a single form.[ citation needed] In the 4th quarter of 2010, InsWeb acquired Protreo Media Corporation.
In 2011, the primary business was sold to Bankrate. [5] The unpurchased assets became the Internet Patents Corp [6] which then changed its name to Prism Technologies. [7]
InsWeb has been recognized by several prominent publications since its founding including: [8]
Company type | Public |
---|---|
Industry | Insurance |
Founded | 1995 |
Founders | Hussein A. Enan and Darrell Ticehurst |
Headquarters | Gold River, California, USA |
Products | Insurance Marketplace |
Number of employees | Approx. 80 |
Parent | Bankrate |
Website |
www |
InsWeb Corporation formerly operated an online insurance marketplace designed to allow consumers to compare insurance products and rate quotes from a variety of providers. InsWeb does not provide insurance directly. The company connects consumers with multiple providers via a proprietary online technology platform. Customers receive price quotes for the various insurance products they choose and are contacted by outside insurance agents and/or companies to continue the purchasing process. In conjunction with the consumer-facing insurance quote system, they also operate a lead generating site as a marketing source for insurance agents. [1]
InsWeb was founded in 1995 by Hussein A. Enan [2] and Darrell Ticehurst and became a publicly traded company in 1999. [3] As of its IPO date it was the exclusive provider of auto insurance quotes on the Yahoo! internet portal. [4] InsWeb created the second online insurance marketplace.[ citation needed] InsWeb.com was the second website that allowed a user to receive multiple insurance quotes from multiple providers by filling out a single form.[ citation needed] In the 4th quarter of 2010, InsWeb acquired Protreo Media Corporation.
In 2011, the primary business was sold to Bankrate. [5] The unpurchased assets became the Internet Patents Corp [6] which then changed its name to Prism Technologies. [7]
InsWeb has been recognized by several prominent publications since its founding including: [8]