InsWeb
{{Orphan|date=October 2023}}
{{Infobox company
| name = InsWeb Corporation
| logo = InsWeb Logo.png
| type = Public
| industry = Insurance
| traded_as = {{NASDAQ was|PTNT}}
| foundation = {{Start date |1995}}
| founders = Hussein A. Enan and Darrell Ticehurst
| defunct = {{End date |2016}}
| fate = Acquired and absorbed
| successor = Bankrate and Internet Patents Corp
| location_city = Gold River, California
| location_country = United States
| products = Insurance Marketplace
| parent = Bankrate
| num_employees = Approx. 80
| num_employees_year = 2011
| homepage = {{webarchive |url=https://web.archive.org/web/20160317234031/http://www.insweb.com/ |date=March 17, 2016 |title=www.insweb.com }}
}}
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.[http://www.moneyline.com/finance/stocks/overview?symbol=INSW.OQ\ Reuters Moneyline.com]
History
InsWeb was founded in 1995 by Hussein A. Enan[http://www.thefreelibrary.com/The+comeback:+after+12+difficult+years,+InsWeb+has+become+profitable...-a0172249963 thefreelibrary.com] and Darrell Ticehurst and became a publicly traded company in 1999.[http://sacramento.bizjournals.com/sanjose/stories/1999/07/26/daily3.html sacramento.bizjournals.com] As of its IPO date it was the exclusive provider of auto insurance quotes on the Yahoo! internet portal.[https://www.nasdaq.com/markets/ipos/filing.ashx?filingid=402187 SEC Filing]
In 2011, the primary business was sold to Bankrate.[https://www.reuters.com/article/insweb-bankrate-idUSL3E7LA2ZT20111010 Bankrate to buy InsWeb's businesses for $65 mln] The unpurchased assets became the Internet Patents Corp[http://www.sacbee.com/2011/12/29/4151270/rancho-cordovas-insweb-corp-is.html Rancho Cordova's InsWeb Corp. is now Internet Patents Corp.]{{Dead link|date=January 2020 |bot=InternetArchiveBot |fix-attempted=yes }} which then changed its name to Prism Technologies.[http://www.bizjournals.com/sacramento/news/2015/09/22/name-change-goodbye-internet-patents-hello-prism.html 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"[http://www.kiplinger.com/magazine/archives/2008/12/best-websites-for-services-bargains-tools.html kiplinger.com]
- Kiplinger (2007) "Best Auto Insurance Website"[http://www.thesunsfinancialdiary.com/articles/kiplingers-best-list/ thesunsfinancialdiary.com]
- Forbes (2007) "Best of the Web" and "Forbes' Favorite"[https://web.archive.org/web/20010506103250/http://www.forbes.com/bow/b2c/category.jhtml?id=63 forbes.com][https://getsure.org/ GetSure-Licensed Life Insurance Agency]