Kanetix in the news

Media coverage and press releases

Toronto, ON, July 1, 2002 - Today, Kanetix®, Canada's online insurance marketplace, added another insurance company to its Ontario auto insurance quote comparison service - DirectProtect, a direct insurance service administered by HB Group Insurance Management Ltd. and underwritten by COSECO Insurance Company, members of the Co-operators Group of Companies.

"We've been offering the DirectProtect brand of auto insurance in Quebec since February," said George Small, Co-founder, Kanetix. "DirectProtect's auto product is a popular choice with our Quebec users and so we're very pleased to extend the availability of this great brand to our users in Ontario."

Kanetix is Canada's leading online insurance quote comparison service and information center. Through its various marketing channels, Kanetix will provide HB Group Insurance with direct access to millions of Canadian Internet users.

To compare insurance quotes at Kanetix, users simply log on to Kanetix and follow the five-step online process. In minutes, shoppers can see a list of up to 10 insurance quotes, choose the policy they wish, and buy online.

About Kanetix

Launched in October 1999, Kanetix is Canada's national online insurance marketplace. The Kanetix insurance information and shopping service allows consumers to compare auto, motorcycle, life, property and travel insurance quotes from a variety of Canada's leading providers. Users can select the insurance policy of their choice and apply online.

About DirectProtect

DirectProtect is a direct insurance service administered by HB Group Insurance Management Ltd. HB Group Insurance is part of the Co-operators Group, a group of Canadian companies focusing on insurance and financial security products and services. DirectProtect was launched in Ontario in 1996 and in Quebec as Assur-ligne in 1997.

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For more information, please contact:

George Small
Co-founder, Kanetix
(416) 599-9779 ext. 202

Brenda Thompson
HB Group Insurance Management Ltd.
(905) 507-5744