San Francisco, CA — Monday, March 6, 2000 — BenefitPoint, Inc., the first Internet-based
employee benefits infrastructure company for the distribution and management of group insurance
and financial products, today announced that co-founder Kurt de Grosz will speak at the 2nd Annual
Cyberinsurance Conference in Scottsdale, Arizona on Wednesday, March 15th. Featuring over 300
public and private companies, the conference will focus on the instrumental way in which the
Internet is transforming the insurance industry. According to GartnerGroup, an information
technology research and analyst firm, transaction-capable insurance sites will increase in number
eightfold in the year 2000.
Mr. de Grosz will participate in a panel entitled, "Leveraging the New Infrastructure: eCommerce
Provides Foundation for Industry Evolution." Other panelists include Jim Durkin, president of
Gallagher Benefit Services for Arthur J. Gallagher, Inc., the fourth largest brokerage worldwide,
and Randall Stram, vice president of Institutional Business Channel Management for MetLife.
Mr. de Grosz and the other panelists will discuss the current and future state of
business-to-business eCommerce in the insurance marketplace. Specific discussion points will
include:
- Archaic processing environments forcing the creation of new technologies and business models;
- Choosing the most profitable eCommerce solution;
- Implementing Internet technology solutions and, overcoming cultural change management obstacles;
- Re-defining product procurement, administration and self-service through single source data management.
"The opportunity to present at this premier industry conference affirms BenefitPoint's standing as a
net market maker helping to define eCommerce in the insurance space," said Kurt de Grosz of BenefitPoint.
"The domain expertise and qualifications of the speakers on this panel will make for an insightful
discussion about future trends and the importance of B2B eCommerce in the insurance industry."
BenefitPoint provides a complete set of B2B services enabling brokers and consultants to manage the entire group health insurance and benefits lifecycle. Building on the existing industry relationships among brokers, carriers, and employers, the BenefitPoint solution combines the efficiency of the Internet with the established distribution model of the insurance industry to lower costs, improve customer service, and increase sales.
Kurt de Grosz, Co-Founder of BenefitPoint, Inc.
Kurt de Grosz, co-founder, brings extensive industry expertise to BenefitPoint where he is
responsible for operations and sales. Mr. de Grosz co-founded BenefitPoint in 1998 after
building a successful career at ABD Insurance & Financial Services, where he provided risk
management sales and consulting to Silicon Valley companies on a variety of insurance lines,
including Directors' and Officers', Professional, Multimedia, and Intellectual Property
Liability and Workers' Compensation. At ABD, Mr. de Grosz co-designed and implemented
CyberSure? ABD's interactive client website. Prior to ABD, Mr. de Grosz worked with
Transamerica Corporation in the Commercial Mass Marketing operation.
The 2nd Annual Cyberinsurance Conference
Cyberinsurance, the Strategic Research Institute's premier conference on Internet innovation for the insurance industry will feature over 300 public and private companies over two days of simultaneous sessions. The conference will take place at the Fairmont Scottsdale Princess in Scottsdale, Arizona, March 15-17. For more information, go to www.srinstitute.com.
About BenefitPoint, Inc.
BenefitPoint, Inc. delivers the first Internet-based employee benefits infrastructure for the distribution and management of group insurance and financial products. BenefitPoint provides a complete set of B2B services enabling brokers and consultants to manage the entire group health insurance and benefits lifecycle. Building on the existing industry relationships among brokers, carriers, and employers, the BenefitPoint solution combines the efficiency of the Internet with the established distribution model of the insurance industry to lower costs, improve customer service, and increase sales.
Upon release of its first solution in December 1999, BenefitPoint has already received widespread industry adoption by over 45 major insurance brokerages and consulting firms. BenefitPoint has received investment support from Sequoia Capital, Institutional Venture Partners (IVP), and some of the largest insurance brokerage firms in the United States.
The company, headquartered in San Francisco, CA, can be reached at (415) 277-5600 or at
www.benefitpoint.com.
BenefitPoint, Inc. is privately held.
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