Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Health Insurance

Quotesmith To Handle Insurance.com Life And Health Quotes

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Oct. 24, 2003, 11:13 a.m. EDT – ComparisonMarket Inc., Cleveland, has picked Quotesmith.com Inc., Darien, Ill., to run the life and health insurance section of Insurance.com, a Web-based quote service at http://www.insurance.com

Quotesmith, in turn, will continue an arrangement for referring qualified auto insurance shoppers to ComparisonMarket.

ComparisonMarket, a company that has specialized in developing a Web-based auto insurance quote service, acquired the Insurance.com site from Fidelity Investments, Boston, in July.

Quotesmith, which runs an insurance sales site of its own at http://www.insure.com, plans to take over Insurance.com life and health sales in January 2004.

The value of the deal and other terms were not immediately available, but Quotesmith says it hopes its Insurance.com sales will begin generating commission payments in April 2004. Phil Perillo, Quotesmith’s chief financial officer, predicts the deal will generate $2 million in revenue and $300,000 in net profits for Quotesmith in 2004.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.