Digital Insurance to Serve as Exclusive Online Health Insurance Resource For DaimlerChrysler
Corporation's Extended Enterprise
biz.yahoo.com
ATLANTA, Feb. 8 /PRNewswire/ -- Digital Insurance Inc., an online health insurance resource for individual, self-employed and small business customers, today
announced a partnership with DaimlerChrysler Corporation (NYSE: DCX - news) to serve as the exclusive online health insurance resource for DaimlerChrysler's
Extended Enterprise®, dealers and small suppliers of 500 employees or less. DaimlerChrysler will begin rolling out the initiative to thousands of suppliers and the
company's 4,500 dealers in the first quarter of 2001.
``As healthcare costs continue to escalate in the U.S., DaimlerChrysler is working diligently to find ways to drive inefficiency out of the system while enhancing
quality,'' said Nancy Rae, DaimlerChrysler's senior vice president of human resources. ``Our partnership with Digital Insurance will allow us to leverage Web
technology, key health care providers and other benefit companies to lower the cost of health care for our suppliers and dealers. Ultimately, this will translate into
lower health care and related benefit costs per vehicle.''
Through the Digital Insurance Web-based application -- located at www.digitalinsurance.com -- targeted DaimlerChrysler suppliers and dealers will have the
opportunity to research, price, compare benefits, purchase and administer a broad selection of insurance products online, streamlining what is currently a manual
paper process. At the same time, these small suppliers and dealers will be able to reduce their administrative costs and access a wider selection of benefit plans
provided by prominent insurance carriers. Together, suppliers and dealers spend approximately $50 billion on employee benefits each year.
``We recognize the need small businesses have for more cost-effective, convenient ways to provide their employees with quality health insurance plans,'' said Tom
Usilton, chief executive officer of Digital Insurance. ``It's a testament to our company that one of the largest auto manufacturers in the world has chosen us as their
exclusive online health insurance partner for their Extended Enterprise.''
Digital Insurance's partnership with HealthAxis last year allowed the company to leverage a proven technology infrastructure to enable the sale and service of health
insurance products online. Internet Healthcare Group, which is a lead capital partner of Digital Insurance, was instrumental in forging the relationship between
DaimlerChrysler and Digital Insurance.
About Digital Insurance Inc.
Digital Insurance is an online health insurance partner meeting the unique coverage needs of small business, self-employed and individual customers. The company
combines the convenience of an easy-to-use and secure Web site with the personal attention of licensed health insurance professionals who deliver exceptional
customer service. By leveraging technology and the Internet, Digital Insurance has expanded the purchasing dynamics and cost-efficiency of the overall health
insurance marketplace, effectively linking savvy, new customers with premier health insurance carriers. In addition, Digital Insurance recently acquired InsureRate,
which offers life insurance and annuities through www.insurerate.com . Digital Insurance is headquartered in Atlanta, with operations in East Norriton, Pa. and
Houston, Texas. Digital Insurance's capital partners are the Internet Healthcare Group and Capital Z Partners.
About DaimlerChrysler
DaimlerChrysler Corporation, the North American arm of DaimlerChrysler AG, was formed in 1998 as a result of the merger between Daimler-Benz, Europe's
largest industrial company, and Chrysler Corporation, one of America's most innovative automotive companies. Headquartered in Auburn Hills, Mich.,
DaimlerChrysler Corporation sells vehicles under the Chrysler, Jeep® and Dodge brands and employs more than 125,000 in the U.S.
SOURCE: Digital Insurance Inc. |
