Alvin Clemens, President and CEO of Health Benefits Direct Corporation Talks to The Wall Street Transcript.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Wall Street Transcript A generic term for any kind of copy, particularly an official or certified representation of the record of what took place in a court during a trial or other legal proceeding. A transcript of record has published an in-depth in-depth adj. Detailed; thorough: an in-depth study. in-depth Adjective detailed or thorough: an in-depth analysis interview with Alvin Clemens President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Health Benefits Direct Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :HBDT) in which he talks at length about the Company. The entire 2,500 word interview is available free online at http://www.twst.com/ceos.htm Health Benefits Direct Corporation is a technologically innovative contact center based insurance agency that operates an interactive online marketplace enabling consumers to shop for, compare, and apply for health and life insurance and related products for individuals and families. Its streamlined Quick-to-Call sales platform, supported by proprietary online technology, dialing applications and tele-application voice signature process, promotes efficiency for consumers purchasing and carriers underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. insurance products. Through its subsidiary, Insurint(tm) Corporation, Health Benefits Direct provides a proprietary, professional-grade, web-based agent quote engine portal that aggregates accurate real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. quotes from multiple highly-rated carriers of health and life insurance and related products. Insurint's user-friendly platform enables agents to view and share with proposed insureds detailed comparisons of multiple products, policy brochures and other useful information instantly, resulting in highly competitive application processing platform for agents and consumers. www.healthbenefitsdirect.com Regarding the company's advantages, Mr. Clemens stated: "Not only do we have the knowledge of the industry and the contacts with the insurance carriers, the carriers have the confidence in our company based on all the experience the management team has in the industry. In April, we instituted the quote engine component of our patent-pending online quote agent called Insurint. We believe Insurint has the potential to become the leading agent platform in the evolving health insurance industry." Regarding the company's distribution system, Mr. Clemens stated: "Our market is a $600 billion market with a very inefficient distribution system. Independent agents are doing the major distribution, which has proven to be inefficient. We are developing a process that could and should become the major distributor for this entire market. We are a small company, which, through its model and systems that we developed, we believe will be the dominating force in this market." The Wall Street Transcript does not endorse To sign a paper or document, thereby making it possible for the rights represented therein to pass to another individual. Also spelled indorse. endorse (indorse) v. the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673. |
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