InsWeb - INSW- Profile

InsWeb Corporation. The Company provides through its site a centralized interactive marketplace for insurance information and electronic quotation. The Company operates a leading online insurance marketplace that enables consumers to shop online and obtain insurance company-sponsored quotes for a variety of products. The consumers can shop online for automobile, term life, home owners, renters and individual health insurance and obtain insurance company-sponsored quotes for actual coverage. The insurance companies are provided with the customers they want and a fee is charged by the company. Transaction fees accounted for 84% of 2000 revenues; development and maintenance fees, 16% and other, nominal.