| Business Summary | | InsWeb
Corporation
operates
an
online
insurance
marketplace
that
enables
consumers
to
comparison
shop
online
and
obtain
insurance
company-sponsored
quotes
for
a
variety
of
products,
including
automobile,
term
life
and
homeowners
insurance,
as
well
as
annuities.
The
Company's
marketplace
capitalizes
upon
the
advantages
of
the
Internet
to
electronically
match
consumers
and
insurance
companies,
providing
consumers
with
the
insurance
they
need
and
insurance
companies
with
the
customers
they
want.
InsWeb's
marketplace
enables
consumers
to
efficiently
research
insurance-related
topics;
search
for,
analyze
and
compare
insurance
products;
apply
for
and
receive
insurance
company-sponsored
quotes
for
actual
coverage;
and
to
purchase
coverage
through
InsWeb's
insurance
agency.
In
addition,
the
Company
provides
insurance
companies
with
pre-qualified
consumers
at
substantially
lower
acquisition
costs,
as
well
as
the
scalable,
cost-efficient
distribution
capabilities
of
the
Internet-based
model. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | InsWeb
Corporation
operates
an
online
insurance
marketplace
that
enables
consumers
to
shop
online
for
automobile,
term
life,
homeowners,
renters
and
individual
health
insurance
and
obtain
insurance
company
sponsored
quotes
for
actual
coverage.
For
the
six
months
ended
6/30/01,
revenues
fell
6%
to
$12.7
million.
Net
loss
before
accounting
change
fell
60%
to
$12.7
million.
Results
reflect
reduced
development
fees
earned,
offset
by
lower
marketing
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Hussein Enan, 55 Chairman,
CEO | $252K | -- | Mark Guthrie, 39 Pres,
COO | 655K | $605.3K | James Corroon, 61 Vice
Chairman | -- | -- | William Griffin CFO | -- | -- | L. Eric Loewe, 43 Sr.
VP, Gen. Counsel | 298K | 9.0K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|