InsWeb
| Company type | Public (Nasdaq: INSW) |
|---|---|
| Industry | Insurance |
| Founded | 1995 |
| Founders | Hussein A. Enan and Darrell Ticehurst |
| Headquarters | Gold River, California, USA |
| Products | Insurance Marketplace |
Number of employees | Approx. 80 |
| Website | InsWeb.com blog.insweb.com AgentInsider.com |
InsWeb Corporation operates 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.
History
InsWeb was founded in 1995 by Hussein A. Enan[2] and Darrell Ticehurst and became a publicly traded company in 1999.[3] InsWeb created the first online insurance marketplace. InsWeb.com was the first website that allowed a user to receive multiple insurance quotes from multiple providers by filling out a single form.
In the 4th quarter of 2010, InsWeb acquired Protreo Media Corporation.
InsWeb has invented multiple e-commerce and online insurance distribution technologies and owns the following patents: 6,898,597,[4] 7,107,325,[5] 7,389,246,[6] 7,640,176,[7] 7,707,505.[8]
Awards and recognitions
InsWeb has been recognized by several prominent publications since its founding including: [9]
- Kiplinger (2009)--"Best Auto Insurance Website"
- Kiplinger (2008)--"Best Auto Insurance Website"[10]
- Kiplinger (2007)--"Best Auto Insurance Website"[11]
- Forbes (2007)--"Best of the Web" and "Forbes' Favorite"[12]