Banks Turn to Portals to Target $43 Small-Business Insurance Market; Web Offers Ideal Delivery Mechanism, Says New Meridien Research.Business/Technology Editors NEWTON, Mass.--(BUSINESS WIRE)--Feb. 22, 2001 North America's 7 million small businesses will spend $43 billion on insurance in 2001, and banks are increasingly looking to reach this profitable market via the Internet, says a new report from Meridien Research. "Since shopping for insurance isn't an everyday occurrence, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. portals are an ideal delivery mechanism," said Dave Potterton, research director at Meridien. "Including insurance as part of a complete package of financial services is just one means banks will use to cement cement, binding material used in construction and engineering, often called hydraulic cement, typically made by heating a mixture of limestone and clay until it almost fuses and then grinding it to a fine powder. existing small-business relationships and forge forge Open furnace for heating metal ore and metal for working and forming, or a workshop containing forge hearths and related equipment. From earliest times, smiths (see smithing) heated iron in forges and formed it by hammering on an anvil. new ones. The use of targeted portals lets banks offer a single access point to more sophisticated cash management, brokerage, and insurance services." In looking to add small-business insurance services, financial institutions basically have two choices--to merge/acquire or to partner/outsource. Meridien has found that banks are, in fact, employing both strategies, acquiring insurance agencies and entering partnerships or outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. arrangements with insurance carriers, agencies, and aggregators. More information about purchasing the report, "Small Business Insurance: A View Through the Portal," can be obtained from sales@meridien-research.com or by calling 617-796-2800. About Meridien Research Meridien Research of Newton, MA, provides analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. research services to users and providers of financial industry technology. Meridien Research targets three technology areas of strategic importance to financial services firms: eFinancial Services, Trading & Risk Management and Customer Relationship Management. Each practice delivers quarterly reports and monthly briefs, detailing new issues and challenges. Visit www.meridien-research.com/press to register for announcements as new research becomes available. For media relations, contact Parallax parallax (pâr`əlăks), any alteration in the relative apparent positions of objects produced by a shift in the position of the observer. In astronomy the term is used for several techniques for determining distance. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control at 1.781.235.7025 or parallax@meridien-research.com. |
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