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Insurance industry

InsWeb Corporation Partners with AIG to Offer Homeowners Insurance in 30 States

Strategic Insights

— 1 min read

InsWeb Corporation, the leading insurance marketplace on the Internet, has announced a partnership with American International Group, Inc. (AIG) to offer homeowners insurance in 30 states. This move follows AIG's existing presence on the platform for personal automobile insurance in 38 states. The partnership aims to provide consumers with a broader range of insurance options and a more convenient way to shop for and purchase policies. InsWeb's President, Kevin Keegan, noted that the company's goal is to create a comprehensive insurance marketplace that offers consumers a wide choice of products from leading carriers.

Key Takeaways:

  • InsWeb Corporation has partnered with American International Group, Inc. (AIG) to offer homeowners insurance in 30 states through its online marketplace.
  • This partnership expands AIG's presence on InsWeb, which already offers personal automobile insurance quotes in 38 states.
  • InsWeb's President, Kevin Keegan, stated that the company's goal is to create a comprehensive insurance marketplace that offers consumers a wide choice of products from leading carriers.
  • The partnership allows consumers to get quotes and select coverage for various insurance products, including homeowners, auto, term life, individual medical, and specialty lines insurance.
  • Tony De Santis, President of AIG's Personal Lines Group, noted that the partnership will make it easier for homeowners to choose AIG products and will help the company reach a larger online market share.
  • InsWeb provides consumers with interactive tools, such as a glossary of property insurance terms and tips on protecting individuals and their families.

Statistics:

  • 30 states: The number of states in which AIG is offering homeowners insurance through InsWeb's marketplace.
  • 38 states: The number of states in which AIG already provides personal automobile insurance quotes on InsWeb.
  • 48 hours: The timeframe within which consumers receive their insurance quotes from participating carriers.
  • 130 countries and jurisdictions: The number of countries and jurisdictions in which AIG's member companies write insurance policies.
  • 24 carriers: The number of participating carriers that offer insurance products through InsWeb's marketplace.

Sources:

  • InsWeb Corporation. (1998, Dec. 29). InsWeb Corporation and American International Group, Inc. Announce Partnership for Homeowners Insurance. Business Wire.
  • American International Group, Inc. (No date). About AIG.
  • InsWeb Corporation. (No date). About InsWeb.

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