InsWeb
 | |
| Company type | Public |
|---|---|
| Nasdaq: PTNT | |
| Industry | Insurance |
| Founded | 1995 |
| Founders | Hussein A. Enan and Darrell Ticehurst |
| Headquarters | Gold River, California, U.S. |
| 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]
History
[edit]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]
Awards and recognitions
[edit]InsWeb has been recognized by several prominent publications since its founding including: [8]
- Kiplinger (2009) "Best Auto Insurance Website"
- Kiplinger (2008) "Best Auto Insurance Website"[9]
- Kiplinger (2007) "Best Auto Insurance Website"[10]
- Forbes (2007) "Best of the Web" and "Forbes' Favorite"[11][12]
References
[edit]- ^ Reuters Moneyline.com
- ^ thefreelibrary.com
- ^ sacramento.bizjournals.com
- ^ SEC Filing
- ^ Bankrate to buy InsWeb's businesses for $65 mln
- ^ Rancho Cordova's InsWeb Corp. is now Internet Patents Corp.[permanent dead link]
- ^ Name change: Goodbye Internet Patents, hello Prism Technologies
- ^ "InsWeb.com Recognition". Archived from the original on 2008-08-07. Retrieved 2008-09-05.
- ^ kiplinger.com
- ^ thesunsfinancialdiary.com
- ^ forbes.com
- ^ GetSure-Licensed Life Insurance Agency