InsWeb

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|

InsWeb

Type| Public

Traded as

|  ~~Nasdaq: PTNT~~
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.com

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]

1. ^ Reuters Moneyline.com
2. ^ thefreelibrary.com
3. ^ sacramento.bizjournals.com
4. ^ SEC Filing
5. ^ Bankrate to buy InsWeb's businesses for $65 mln
6. ^ Rancho Cordova's InsWeb Corp. is now Internet Patents Corp.[permanent dead link]
7. ^ Name change: Goodbye Internet Patents, hello Prism Technologies
8. ^ "InsWeb.com Recognition". Archived from the original on 2008-08-07. Retrieved 2008-09-05.
9. ^ kiplinger.com
10. ^ thesunsfinancialdiary.com
11. ^ forbes.com
12. ^ GetSure-Licensed Life Insurance Agency