InsWeb, a provider of online insurance services, raised its revenue outlook to approximately $5 million for the fourth quarter of fiscal 2000.
“InsWeb is enjoying a solid quarter, despite a traditionally slower holiday period for the insurance industry,” said Hussein Enan, chief executive officer of InsWeb. “We attribute our higher-than-expected revenues to strong consumer traffic and to the continued geographic expansion among key auto insurance companies participating in our online marketplace.”
InsWeb is scheduled to report financial results for its fourth quarter on Jan. 25, 2001, after the close of market. Additional information on the company’s past and upcoming financial results can be found on its investor relations Web site.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot 
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry 
Viewpoint: Insurance and AI – A Double-Edged Sword 
