Taking insurance to the bank

Article Abstract:

Intuit Inc formed a venture with Essex Corp to offer an online service called SureQuote that enables banks to sell insurance. The system relies on multiple insurance carriers to provide term life rate quotes to bank customers. SureQuote also includes an Internet-based transaction monitoring feature that tracks insurance applications and updates clients about the status of these applications. Meanwhile, InsWeb, a Web site that provides insurance data and quotes to insurance companies, is also planning to introduce its own version of an online insurance system for banks.

Commercial Banking, Banking Institutions, Depository Credit Intermediation, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Functions related to deposit banking, Bank Computer Services, Financial services industry, Banks (Finance), Marketing, Computer services industry, Information technology services industry, Joint ventures, Bank insurance business, Intuit Inc., INTU, Essex Corp., InsWeb Corp., ESEX

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Euro: a four-letter word for expensive

Article Abstract:

European insurance companies are faced with the expensive process of retooling their computer systems, retraining staff and reprinting business materials in preparation for the upcoming European Monetary Union (EMU). The EMU is expected to deliver monetary stability by eliminating currency risks with a single monetary unit. It would simplify taxes, enable direct marketing and enhance international commerce. Companies need to start planning and implementing changes to survive in the 1999 single-currency Europe.

International Affairs, European Community, Planning, Europe, Single European market

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Adapting to the Web: a new survey says insurers fare poorly online, but better days are coming

Article Abstract:

The insurance industry's World Wide Web sites suffer from shoddy design and a lack of useful information for potential customers, according to a survey by Netsmart Technologies Inc. Insurers have moved more slowly than other businesses to establish Web sites, says Netsmart Pres Bernadette Tracy. Consumers want the Web to furnish detailed information about various policies, Tracy says. After doing research, online customers want referrals to local insurance agents, the Netsmart survey says.

Telegraph & other communications, Video Retailing Service, All Other Information Services, Web sites (World Wide Web), Information services, Web sites, Home shopping

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