BenefitMall.com Launches New Online Business Model to Deliver Small Business Insurance Benefits.Business/Technology Editors DALLAS--(BUSINESS WIRE)--April 18, 2000 New Proprietary Online Exchange Offers Small Businesses First-Ever Service Combining Best of Internet Access See how to access the Internet. With Personal Services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. of Independent Insurance Broker BenefitMall.com, the online exchange for small business employee group benefits, today launched a next-generation Web site with a new proprietary online business model for this key B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business marketplace. This patent-pending business model combines the choice of products and services, plus the speed and efficiency of the Internet, with the personal consultation of the traditional broker channel for small group insurance and other employee benefits. BenefitMall.com's online business opportunity offers brokers a free turnkey solution, which includes a customizable broker home page and the ability for them to offer their small business clients and their employees a free personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. company Intranet. Over 1,200 brokers nationally have already pre-registered for this opportunity and are launching their Web site in conjunction with the new BenefitMall.com Web site. "Now small businesses can go through their personal broker to receive a turn-key benefits package, plus free Intranet at no additional cost," said Bernard DiFiore, president and chief executive officer of BenefitMall.com. "Our proprietary online exchange, through a password-protected environment, promotes open communication between employees, employers, brokers and carriers, as they now, for the first time, have direct access to one another." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the United States Census The United States Census is a decennial census mandated by the United States Constitution.[1] The population is enumerated every 10 years and the results are used to allocate Congressional seats ("congressional apportionment"), electoral votes, and government program , small businesses, those with less than 100 employees, make up over one-half of all businesses in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Through BenefitMall.com, these seven million businesses can now be supported through their current broker and personal Internet technology infrastructure. BenefitMall.com can provide company employees with their own password-protected home page to access their personal benefits documentation. They can also access several useful tools, customize content, disseminate news, and organize their work through a daily planner and calendar, which are managed online by their employers. A recent Forrester study showed that 90 percent of small business owners prefer to use their broker for important issues such as group insurance. The challenge for independent brokers is to continue offering their services to small business while remaining competitive with the new breed of national e-brokers. In order to compete effectively and profitably, brokers must consider building a Web site and technology infrastructure that has been historically challenging and cost-prohibitive for small businesses. Professional Agent magazine recently reported that the cost to produce and host a standard broker home page ranged from $5,000 to more than $10,000. "BenefitMall.com is a leading, next generation Internet See Internet2. company with a compelling business model and strategy," said analyst Caren Taylor of E-Offering. "Unlike other Internet companies that have tried to go direct, disintermediate key industry players and subsequently fail to gain traction, BenefitMall.com has presciently pre·scient adj. 1. Of or relating to prescience. 2. Possessing prescience. [French, from Old French, from Latin praesci always chosen to work within the existing insurance industry infrastructure to leverage core assets (brokers). We believe that the market is evolving and recognizing the inherent advantages of BenefitMall.com's strategy." Small business owners can sign up for a free Intranet at their affiliated BenefitMall.com broker home page or by visiting www.benefitmall.com. Those businesses without a BenefitMall.com-affiliated broker can refer their broker to BenefitMall.com and, at no cost, receive the service. Those businesses without insurance or a broker can receive a free, non-sponsored Intranet through BenefitMall.com. About BenefitMall.com BenefitMall.com is the complete online marketplace for the buyers, sellers and providers of small business employee benefits. Headquartered in Dallas, BenefitMall.com operates a national sales and service center to support Internet-based activities as well as sales and support offices in 17 metropolitan markets throughout the country. The company currently manages $750 million in annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. premiums and is selling over $1 million per day in new premiums through its network of over 10,000 brokers nationally. BenefitMall.com is an independent company owned by Humana Ventures, Austin Ventures, Technology Crossover Crossover The point on a stock chart when a security and an indicator intersect. Crossovers are used by technical analysts to aid in forecasting the future movements in the price of a stock. In most technical analysis models, a crossover is a signal to either buy or sell. Ventures, Morgan Stanley |
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