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Germany's Mannheimer chose to set up a standalone Internet insurance subsidiary.
Winner coined the phrase for his friend Peter Wood who formed the internet insurance company esure back in 2001.
Robert Bland, chief executive of Quotesmith.com, another Internet insurance agency, said he expected life insurance sales to increase 10percentthis yearar.
The recent outages have not yet led to more Internet insurance policies.
Although State Farm signed agreements in 1997 with Internet insurance marketplaces Quicken and InsWeb insw, giving visitors to those sites access to State Farm quots, the firm was unable to capitalize on that early lead.
He is an expert in data science and an innovator who has developed several billion dollar revenue businesses on the areas of Data Governance, Enterprise Privacy Architectures, and Internet Insurance.
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Internet insurance-brokers still have a small market share, but firms that specialise in distribution, such as Screentrade in Britain and Versicherungen in Germany, could become a serious threat to established firms.
But actuarial calculations show that the design of a Internet retail insurance policy is more complex than those embraced in other major insurance sectors (with perhaps the exception of medical malpractice, which is the fifth largest insurance business in the US).
Mr. McClure also shopped on the Internet for insurance.
Their biggest advantage is the ability to replace the network of agents their direct off-line competitors with a low-cost alternative, an easily accessible website.Predictions about the impact of the Internet in insurance differ hugely.
Foreign ownership of Chinese firms will remain restricted in many industries, from the Internet to insurance.
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