InsurQuote's Internet Rating System Expands Carrier Offerings at InsWeb
11 January 2000
InsurQuote's Internet Rating System Expands Carrier Offerings at InsWeb; InsurQuote's Technology Increases InsWeb's Auto Rating Options for Participating Carriers
PROVO, Utah--Jan. 11, 2000--InsurQuote Systems Inc., the company building the distribution backbone for online insurance, today announced its Internet rating capabilities are now available to insurance carriers participating at InsWeb , the Internet's leading insurance marketplace. The move enables carriers already using InsurQuote's rating technology to more efficiently make their products available at InsWeb.Carriers participating at InsWeb can use InsurQuote's Internet Rating System to enable consumers to get real-time comparative quote information for their products. InsurQuote's technology provides consumers with extensive and accurate insurance rating information and simplifies the complex and time-consuming process of gathering rating information.
"Leading Internet marketplaces like InsWeb offer tremendous opportunities for insurance carriers and consumers alike," said William B. Woahn, InsurQuote president. "The insurance rating process is very complex and many carriers are exploring a range of solutions. InsurQuote simplifies the rating process and provides single-point interaction with insurance carriers for accurate and comprehensive quoting."
"A number of insurance carriers currently use InsurQuote's rating technology to distribute their rating information," commented Keith Leimbach, InsWeb's Senior Vice President of Product and Client Implementation Services. "With InsurQuote's rating technology on our menu, we offer an additional solution that is already familiar to the industry."
InsurQuote's complete insurance solutions include a suite of integrated software products that are built on a single, scalable Internet-based rating engine to ensure complete compatibility and interaction among insurance agencies, carriers, consumers and Internet portals. The InsurQuote system has the capability to serve as the technology foundation and distribution mechanism for all online insurance rating.
About InsurQuote
InsurQuote Systems Inc. is the leading provider of integrated insurance rating solutions to the agency, company and consumer markets. These solutions utilize InsurQuote's sophisticated comparative rating engine that enables the comparison of multiple carriers for automobile, home and commercial insurance products. In the emerging online insurance shopping environment, InsurQuote leads the way combining a nationwide comparison of auto insurance rates with a complete e-commerce fulfillment solution. Headquartered in Provo, Utah, InsurQuote also has offices in Beachwood, Ohio, College Station, Texas and San Francisco, Calif. The company services thousands of insurance agencies, companies and consumer organizations nationwide. The InsurQuote Web site is www.insurquote.com.
