Coping with Electronic Commerce

Coping With Electronic Commerce:

Electronic Patient Information

Business 107

June 06, 2009

Coping With Electronic Commerce:

In The Auto Insurance World

Over the last three decades, the meaning of electronic commerce has changed.   At first electronic commerce meant the facilitation of commercial transactions electronically. Now electronic commerce, also known as e-commerce, can be defined as business actives conducted using electronic data transmission over the Internet and the World Wide Web. Other transactions included in conducting e-commerce could be businesses trading with other businesses and internal processes that companies use to support their buying, hiring, planning, selling, and other activities. There are five general electronic commerce categories which are:   business-to-consumer, business-to-business, business processes, consumer-to-consumer, and business-to government (Schneider, 2009, p. 5).   The most common categories of the five are business-to-consumer, business-to-business, and business processes.   For decades many auto insurance companies focused on streamlining much of their business via the internet.   This was a push to move towards increasing profits, decreasing cost, and having a more paperless system. Progressive insurance company has had tremendous success with e-commerce. After reading this paper one will have a better understanding on the background of Progressive and their past business successes with the help of e-commerce.

From their humble beginnings of 1937, Progressive has flourished into one of the largest auto insurance groups in the country.   They provide personal and commercial automobile insurance and other specialty property-casualty insurance.   It was on March 10, 1937, when Joseph Lewis and Jack Green started Progressive Mutual Insurance Company.   They were lawyers were looking for a good investment and wanted to provide vehicle owners with security and protection.   From their beginnings, Progressive...