BNET Industries

InsWeb Corp.

(INSW) is in the Business Services Industry

Market Cap:$15.0M
Last Fiscal Year Sales:$37.4M
  • Public
  • US
Dow Jones Description

InsWeb (the "Company," "InsWeb," "we," "us," or "our") operates an online insurance marketplace that electronically matches consumers and providers of automobile, homeowners and term life insurance. InsWeb has combined extensive knowledge of the insurance industry, technological expertise and close relationships with a significant number of insurance companies, agents and insurance providers to develop an integrated online marketplace. For the automobile and homeowners insurance products, our principal source of revenues is transaction fees from participating insurance providers. While quotes obtained through our online insurance marketplace are provided to consumers free of charge, we earn revenues when a qualified lead is delivered to a participating insurance provider or local agent. In certain instances, consumers are provided the opportunity to link directly to a third party insurance provider's website. In these situations, we will be paid a fee for that consumer link or click-through. For term life insurance, the majority of our revenues prior to April 2007 consisted of commissions earned by our insurance agency subsidiary, InsWeb Insurance Services, Inc., upon the sale of a term life insurance policy. We discontinued the term life agency operation in April 2007 but continued to earn commissions throughout 2007 (in decreasing amounts) on a limited number of policies written prior to the discontinuation of the agency operations. ...

Chairman & CEO
Hussein Enan
Number of Employees 88
Contact Information

11290 Pyrites Way Ste 200

Gold River, California 95670

insweb.com

(916) 853-3300

NAICS Code All Other Business Support Services: 561499

Recent Events

  • Third-quarter loss tops last year's for InsWeb

    10/24/09 - Financial Announcement - View Story

  • InsWeb cuts 30 percent of its staff

    10/06/09 - Product Announcement - View Story

  • InsWeb Completes Build-Out of Consumer Initiatives With Launch of InsuranceRates.com

    9/29/09 - Financial Announcement - View Story

  • InsWeb Completes Build-Out of Consumer Initiatives With Launch of InsuranceRates.com

    9/29/09 - Product Announcement - View Story

  • InsWeb narrows Q2 loss

    7/29/09 - Financial Announcement - View Story

  • InsWeb Launches BestInsuranceMatch.com

    7/23/09 - Product Announcement - View Story

News & Analysis

insweb corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
John Cadigan CTO & Senior Vice President
Kiran Rasaretnam CFO
Steven J Yasuda Chief Accounting Officer, Controller & Vice President
Adam Cherubini Senior Vice President, Client Dev
Brad Cooper Senior Vice President, Marketing & Advertising
Eric Loewe Senior Vice President
L. Eric Loewe General Counsel, Secretary & Senior Vice President
James M Corroon Director
Robert A. Puccinelli Director
Thomas W. Orr Director

Board of Directors

Name (plus bio) Position
Hussein Enan Chairman & CEO
Dennis Chookaszian Board of Directors
William Griffin Board of Directors

Hussein Enan has been Chairman of the Board of InsWeb Corporation since founding the company in February 1995, and has held the title of Chief Executive Officer from inception to June 2002 and again since August 15, 2004. Mr. Enan also served as President of the company from May 1999 to June 2000. Prior to InsWeb, from November 1970 to March 1979, Mr. Enan held a number of executive positions at BEP International, a Canadian reinsurance intermediary, before becoming a Senior Partner at the Company. In 1979 he founded Enan & Company, which became one of the largest reinsurance intermediaries in the western United States. From March 1992 to November 1994, he was a General Partner at E.W. Blanch, a reinsurance intermediary with which Enan & Company merged in March 1992 and which went public in 1993 on the NYSE (EWB), and was since acquired by Benfield, a British publicly traded company. Mr. Enan spent the early part of his career at C.T. Bowring & Company in London. He graduated with a B.A. in Economics from the American University in Cairo, Egypt, his native country.

Organization Position Status
InsWeb Corporation Chairman & CEO Current
InsWeb Corporation President Former
InsWeb Corporation Senior Partner Former
InsWeb Corporation Board of Directors Former
American University Former

John Cadigan is Chief Technology Officer for InsWeb Corporation. Mr. Cadigan is responsible for technical operations and facility infrastructure. Mr. Cadigan joined InsWeb in 1999 from Cigna Financial Institution Services. While at Cigna (1993-1999), he served as the Director of Technology and was responsible for all technical aspects of the operation and the implementation of new services. Before his time at Cigna, Mr. Cadigan worked at Saddleback Community College and served in the United States Marine Corps. Mr. Cadigan has a B.S in Computer Science from the University of California, Irvine.

Organization Position Status
InsWeb Corporation CTO & Senior Vice President Current
University of California, Irvine B.S In Computer Science Former

Kiran Rasaretnam joined InsWeb in March 1999 and is InsWeb’s Senior Vice President and Chief Financial Officer. Mr. Rasaretnam is responsible for overall oversight of the financial operations of the company. Before joining InsWeb, Mr. Rasaretnam was the regional actuary and finance director for the largest region of the Fireman’s Fund Insurance Company. While at Fireman’s Fund (1990 to 1999), he also held several pricing actuary positions in both the personal and commercial lines operations. Mr. Rasaretnam became a Fellow of the Casualty Actuarial Society in 1998. He graduated from the University of California, Berkeley in 1990 with a B.A degree in Applied Mathematics with an emphasis in Statistics and Economics.

Organization Position Status
InsWeb Corporation CFO Current
InsWeb Corporation Vice President Former
Fireman's Fund Insurance Company Finance Director Former
Fireman's Fund Insurance Company Regional Actuary Former
University of California, Berkeley Bachelor of Arts Degree In Applied Mathematics Former

Steve Yasuda joined InsWeb in December 1999 as Manager, Budget and Reporting and has been the Corporate Controller since September 2001. On September 2004, he was promoted to Vice President, Corporate Controller. On April 16, 2007, Mr. Yasuda took on the additional role of Chief Accounting Officer. Mr. Yasuda is responsible for all accounting related functions for of the company. From 1997 to 1999, Mr. Yasuda worked in the operations accounting department of Electronic Arts. Mr. Yasuda graduated from California State University, Fresno in 1990 with a B.S degree in Business Administration, with an Accounting option and has been licensed as a CPA since August 1994.

Organization Position Status
InsWeb Corporation Chief Accounting Officer, Controller & Vice President Current
Budget Corp Manager Current
The Reporting Company Manager Current
InsWeb Corporation Manager Former
California State University Bachelor of Science Degree In Business Administration Former

Adam Cherubini joined InsWeb in November 1999 and is the Senior Vice President of Client Development. Mr. Cherubini is responsible for the growth of the AgentInsider platform as well as developing other relationships that will serve to broaden InsWeb's distribution network. Before joining InsWeb, Mr. Cherubini worked as a broker for Willis-Corroon as well as held underwriting/sales functions at The Travelers and CIGNA. He has a B.S. in Psychology from Denison University and an MBA in Finance from the University of DePaul.

Organization Position Status
InsWeb Corporation Senior Vice President, Client Dev Current
Denison University B.S. In Psychology Former

Brad Cooper is the Senior Vice President of Marketing & Advertising for InsWeb Corporation. Mr. Cooper oversees direct marketing, advertising, and the consumer experience here at InsWeb. Prior to joining InsWeb in September 2000, Mr. Cooper began his career with Price Waterhouse as a certified public accountant. He earned his bachelor’s degree in Business Administration from California State University, Sacramento.

Organization Position Status
InsWeb Corporation Senior Vice President, Marketing & Advertising Current
California State University Bachelor's Degree In Business Administration Former

Eric Loewe is General Counsel and Secretary for InsWeb Corporation. Mr. Loewe oversees all legal and corporate compliance matters for the company. Before joining InsWeb in October 1998, Mr. Loewe was Senior Counsel for the National Association of Independent Insurers, providing legal and government affairs advice to the association's 570 member insurance companies. Mr. Loewe holds a BA from Loyola University Chicago and a JD degree from IIT Chicago-Kent College of Law. He is a member of both the Illinois and California bar associations, and is on the Board of the Sacramento Chapter of the Association of Corporate Counsel.

Organization Position Status
InsWeb Corporation Senior Vice President Current
Sacramento Chapter Board of Directors Current
InsWeb Corporation Secretary Current
InsWeb Corporation General Counsel and Secretary Former
IIT Chicago-Kent College of Law Jd Degree Former
Loyola University BA Former
Loyola University Chicago Ba Former

Organization Position Status
InsWeb Corporation General Counsel, Secretary & Senior Vice President Current

Organization Position Status
The Health Enhancement Company, Inc. President Current
University of Chicago Graduate School of Business Professor Current
Physicians Preferred Management Consultant Current
ProspX, Inc. Chairman Current
Genstar Capital LLC Board of Directors Current
Marshall & Swift Inc. Director Current
Northwestern Memorial HealthCare Director Current
Cbd-Hq Director Current
Beta Gamma Sigma Board of Directors Current
InsWeb Corporation Board of Directors Current
Interocean Financial Group LLC Board of Directors Current
Career Education Corporation Board of Directors Current
Sapient Corporation Board of Directors Current
CNA Financial Corporation Chairman Former
The London School of Economics Master of Science Degree In Economics Former
University of Chicago Master's Degree In Business Administration Former
Northwestern University Bachelor's Degree In Chemical Engineering Former

Organization Position Status
Fort Point Insurance Services, Inc Advisor Current
Fort Inc. Vice Chairman Current
Fort Point Insurance Services, Inc Vice Chairman Current
InsWeb Corporation Director Current
California Inc Director Current
San Francisco Symphony Board of Directors Current
Dominican University Trustee Former
Insurance Agency, Inc. Vice Chairman of the Board Former
InsWeb Corporation Vice Chairman of the Board Former
San Francisco Gen Hospital Foundation Board of Directors Former
Dominican University Trustee Former

Organization Position Status
Epolicy Solutions, Inc. Current
InsWeb Corporation Director Current
InsWeb Corporation member Former
California Business Roundtable member Former

Organization Position Status
Pay No Tax Current
AeroCentury Corp. Chair Current
InsWeb Corporation Director Current
California Society of Certified Public Accountants Board of Directors Current
American Institute of Certified Public Accountants Member Current
California Society of Certified Public Accountants Member Current
Bregante Partner Former
University of Minnesota Bachelor's Degree In Business Administration Former
University of Minnesota Degree In Accounting Former

Organization Position Status
Strongmail Systems, Inc. Chief Financial Officer Current
InsWeb Corporation Board of Directors Current
InsWeb Corporation CFO Former
Inference Corporation Cfo Former
University of California, Santa Barbara bachelor's degree in business economics Former
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     INSW $3.13 0.00 (0.00% )
Average Volume 1,054
Shares Outstanding 4.80M
Market Cap 15.0M
Year High 3.6399
Year Low 1.45
Earnings Per Share -0.68
P/E Ratio -4.60
Dividend N/A
Yield N/A
Glass Door

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