Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=29613 Description Provided by Quotesmith: "We believe that Quotesmith.com is the most comprehensive Internet-based insurance service available. The Quotesmith.com service enables consumers and business owners to obtain instant quotes from over 300 insurance companies, and we guarantee the accuracy of every quote. Combining the reach and efficiency of the Internet with our proprietary database and industry expertise developed over the past 15 years, we provide a complete "quote to policy delivery" insurance solution without the involvement of any commissioned salespeople. We have created a model that addresses the challenges faced by traditional insurance distribution methods in a manner that offers significant benefits to both consumers and insurance companies. The Quotesmith.com model allows consumers to: (1) efficiently search for, analyze and compare insurance products; (2) quickly request and obtain insurance quotes; and (3) easily select and purchase insurance from the insurance company of their choice. Since we began providing instant insurance quotes on the Internet in May 1996, we have delivered more than 27,000 policies. Insurance premiums paid in the United States in 1998 represented over $1.1 trillion according to A.M. Best. The growing acceptance of the Internet and electronic commerce presents a significant opportunity for the insurance industry by allowing self-directed consumers to more efficiently and effectively research and transact with insurance companies. The fragmentation of the insurance industry and the significant price and product variation has led consumers and insurance companies to seek alternative means of purchase and distribution. According to Forrester Research, Internet-influenced sales of insurance are expected to grow from $1.5 billion in 1998 to $11.0 billion in 2003. We believe that the vast information sharing and communications power of the Internet will significantly improve the insurance industry for both consumers and insurance companies. While a number of new companies have emerged in an attempt to capitalize on this online insurance opportunity, we do not believe that any of these efforts fully addresses the limitations inherent in traditional insurance distribution or the challenges faced by consumers in effectively purchasing insurance. The Quotesmith.com solution provides the following principal advantages to both consumers and in...https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=2961338013210