Reliance
Global Group Announces
Beta Launch
of 5MinuteInsure.com
Online
platform to compare quotes, direct leads to a local agent and bind
policies within minutes
LAKEWOOD,
N.J.,
February
18,
2021 --
InvestorsHub NewsWire -- Reliance
Global Group, Inc.
(Nasdaq:
RELI), a company engaged in
the acquisition and management of
insurance agencies in the United States, today announced the beta launch of its
5MinuteInsure.com platform as the next step in
expanding the Company's
operations
with the
goal of establishing a national
footprint. A video teaser
of the new
platform
is also available
at:
https://youtu.be/yfWOvboPvjE.
5minuteInsure.com
is a tool developed by Reliance Global to be utilized in conjunction
with agency acquisitions, as well as affiliated
agencies.
It utilizes artificial intelligence and
data mining to provide competitive insurance quotes within 5
minutes, with minimal data input. The purpose is to tap into the growing
number of online shoppers in order to drive business to the Company's
insurance agencies. Consumer prospects
are then
transferred to the geographically closest agent and/or
affiliates.
Initially, the
beta launch will be limited
to Ohio,
beginning with automotive insurance. However, the
Company is
in the process of opening the platform to home insurance as
well, with
a goal to expand in the ensuing months
as practical and regulatory considerations
permit.
Ezra Beyman, CEO
of Reliance Global Group, stated, "The beta launch of
5minuteinsure.com
allows customers
to rapidly compare quotes online and directs them to an agent in their area
who
can answer
questions and bind the policy. 5minuteinsure.com
complements
our"
bricks and
mortar" operations, as we can now route leads
to the agents in our network. This should be a useful tool
in driving
business to our platform.
"Unlike other sectors,
insurance has been one of the last to adopt technology and move
online. We believe
5minuteinsure.com,
combined
with our core insurance
business, will provide an
attractive
solution
to
consumers. Specifically, we
are
blending traditional "human touch"
insurance agencies with the convenience and speed
of the modern digital
age, which
consumers
have come to expect. Through technology,
we also
look to reduce back-office paperwork,
allowing agents to focus on
what they
are good
at - selling policies. We also aim to enhance operational
efficiency and drive margin expansion within our insurance
agencies."
Mr. Beyman
concluded, "Now that we have completed
our Nasdaq
listing, we are
laser-focused on accelerating
our business strategy. We believe
the insurance market is ripe for
expansion
and
poised for
disruption
through technology, and we look to
5minuteinsure to be our first venture into this space."
About
Reliance Global Group, Inc.
Reliance Global
Group, Inc. (NASDAQ: RELI) is moving forward with its goal to
operate in the insurance sector through its insurance brokerage
agencies and online insurance businesses, and potentially other
sectors. RELI's focus continues to be to grow the Company by
pursuing an aggressive growth strategy of acquisition
opportunities, including insurance agencies. Insurance agencies, as
opposed to insurance carriers, bear no insurance risk. The Company
is controlled by Reliance Global Holdings, LLC, a New York-based
limited liability company, which is the owner and operator of
numerous companies with core interests invested in real estate and
insurance brokerage.
Forward-Looking
Statements
This press
release contains forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Statements other than statements of historical
facts included in this press release may
constitute forward-looking statements and are not guarantees of
future performance, condition or results and involve a number of
risks and uncertainties. Actual results may differ materially from
those in the forward-looking statements as a result of a number of
factors, including those described from time to time in our filings
with the Securities and Exchange Commission and elsewhere. The
Company undertakes no duty to update any forward-looking statement
made herein. All forward-looking statements speak only as of the
date of this press release.
Contact:
Crescendo
Communications, LLC
Tel: +1 (212)
671-1020
Email:
RELI@crescendo-ir.com