Reliance Global Group’s 5MinuteInsure.com Platform Enhanced with Licenses to Sell Home and Auto Insurance Policies in 40 St...
March 15 2021 - 9:30AM
via NewMediaWire
-- Reliance Global Group, Inc.
(Nasdaq: RELI; RELIW), which combines advanced technologies
with the personalized experience of a traditional insurance agency,
announces that its affiliated Reliance Insurtech division has
received licenses to sell home and auto insurance in 40 states,
with plans to expand to additional types of insurance. In
order to utilize these licenses and achieve efficacy, its
5MinuteInsure.com platform is in the process of being configured to
offer insurance in the respective states, while the Company is
onboarding carriers in these states.
5MinuteInsure.com is designed to leverage the
Company’s proprietary and novel technologies, allowing it to tap
into the growing number of online shoppers and, in turn, driving
demand to its affiliated agents. 5MinuteInsure.com utilizes
artificial intelligence to provide competitive insurance quotes, in
many cases, within five minutes, with minimal data input by the
customer via their smartphone, tablet or computer.
Ezra Beyman, CEO of Reliance Global Group,
commented, “We have achieved a significant milestone in being
licensed in 40 states, with more states to follow. Now, we
are in the process of aggressively onboarding known insurance
carriers, both regional and nationwide, in order to realize the
benefits of this novel platform. We believe that as this process
unfolds, our online offering will be highly attractive to the
growing number of consumers who have now become accustomed to
conducting almost all of their business online. We believe we are
unique in our ability to combine the traditional insurance agency
model with tools adapted for the modern digital age. We can
now provide customers the ability to digitally compare quotes
within minutes and request to bind their policy online. For clients
who still prefer to interact with a person directly, there will be
concierge agents available through live chat or phone to assist in
reviewing and binding coverage as well as servicing policies. We
look forward to providing further updates as key developments
unfold.”
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: RELI, RELIW)
is combining advanced technologies, with the personalized
experience of a traditional insurance agency model. Reliance Global
Group’s growth strategy includes both an organic expansion,
including through 5minuteinsure.com, as well as acquiring well
managed, undervalued and cash flow positive insurance
agencies. Additional information about the Company is
available at https://www.relianceglobalgroup.com/.
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, LLCTel: +1 (212)
671-1020Email: RELI@crescendo-ir.com
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