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| Company type | Public |
|---|---|
| Traded as | Nasdaq: PTNT |
| Industry | Insurance |
| Founded | 1995; 30 years ago (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.
History
InsWeb was founded in 1995 by Hussein A. Enan and Darrell Ticehurst and became a publicly traded company in 1999. As of its IPO date it was the exclusive provider of auto insurance quotes on the Yahoo! internet portal.
In 2011, the primary business was sold to Bankrate. The unpurchased assets became the Internet Patents Corp which then changed its name to Prism Technologies.
Awards and recognitions
InsWeb has been recognized by several prominent publications since its founding including:
- Kiplinger (2009) "Best Auto Insurance Website"
- Kiplinger (2008) "Best Auto Insurance Website"
- Kiplinger (2007) "Best Auto Insurance Website"
- Forbes (2007) "Best of the Web" and "Forbes' Favorite"
References
- 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.
- 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