InsWeb Corporation was an American insurance comparison company that operated from 1995 until 2016. The company had operated an online insurance marketplace designed to allow consumers to compare insurance products and rate quotes from a variety of providers.
InsWeb did not provide insurance directly. The company connected consumers with multiple providers via a proprietary online technology platform. Customers received price quotes for the various insurance products they choose and were contacted by outside insurance agents and/or companies to continue the purchasing process. In conjunction with the consumer-facing insurance quote system, they also operated a lead generating site as a marketing source for insurance agents.Reuters Moneyline.com
History InsWeb was founded in 1995 by Hussein A. Enanthefreelibrary.com and Darrell Ticehurst and became a publicly traded company in 1999.sacramento.bizjournals.com As of its IPO date it was the exclusive provider of auto insurance quotes on the Yahoo! internet portal.SEC Filing
In 2011, the primary business was sold to Bankrate.Bankrate to buy InsWeb's businesses for $65 mln The unpurchased assets became the Internet Patents CorpRancho Cordova's InsWeb Corp. is now Internet Patents Corp. which then changed its name to Prism Technologies.Name change: Goodbye Internet Patents, hello Prism Technologies
Recognitions InsWeb had been recognized by several prominent publications since its founding, this included:
Kiplinger (2009) "Best Auto Insurance Website" Kiplinger (2008) "Best Auto Insurance Website"kiplinger.com Kiplinger (2007) "Best Auto Insurance Website"thesunsfinancialdiary.com Forbes (2007) "Best of the Web" and "Forbes' Favorite"forbes.com
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