InsWeb Launches First Internet Auto Insurance Purchasing Program with Workmen's Auto Insurance Company
Utah residents have become the first in the country to receive online auto insurance quotes through InsWeb, the consumer-centric internet gateway to the insurance industry. InsWeb has partnered with Workmen's Auto Insurance Company, a specialty writer of private passenger auto insurance for hard-to-place risks, to offer online quotes and purchases. This innovative program is a significant step towards making insurance purchasing more efficient and accessible for consumers.
Key Takeaways:
- The first Internet auto insurance purchasing program was launched by InsWeb in conjunction with Workmen's Auto Insurance Company.
- Utah residents are the first to receive online auto insurance quotes through this program.
- Workmen's Auto Insurance Company was selected for this program due to its established network of independent agents in 10 states, including Utah.
- InsWeb was launched this Fall and has received recognition from national and international media and industry analysts.
- In the near future, insurance providers will begin offering insurance for purchase via pilot programs, including term life, accidental death and dismemberment, and short-term medical insurance.
- InsWeb's management team represents over 200 years of combined experience in the insurance industry.
- InsWeb's premium volume for 1995 was approximately $30 million.
- 51% of Utah households own computers, compared to 27% nationally.
Statistics:
- 51% of Utah households own computers, compared to 27% nationally.
- $30 million: Workmen's Auto Insurance Company's premium volume for 1995.
- 10 states: Workmen's Auto Insurance Company's presence, including Utah.
- 200 years: Combined experience of InsWeb's management team in the insurance industry.
- 1995: Year in which Workmen's Auto Insurance Company's premium volume was approximately $30 million.
- Early 1996: Planned launch of InsWeb for commercial insurance products.
Sources:
- /PRNewswire/(BURLINGAME, Calif., Dec. 11 /PRNewswire/ -- InsWeb, the consumer-centric gateway to the Internet for the insurance industry, announced today that it has established the first Internet auto insurance purchasing program in conjunction with Workmen's Auto Insurance Company (Workmen's), a specialty writer of private passenger auto insurance for the hard-to-place risk.
- Workmen's Auto Insurance Company's press release (no date provided): About Workmen's Auto Insurance Company and Its Insurance Program.
- InsWeb's official website (http://www.insweb.com): Information about InsWeb's management, technology, and services.