Reliance Global Group Schedules Commercial Launch of 5minuteinsure.com for Q3 2021; Demo Video Now Available Online
June 08 2021 - 8:30AM
via NewMediaWire --
Reliance Global Group,
Inc. (Nasdaq: RELI; RELIW), which combines AI and
cloud-based technologies with the personalized experience of a
traditional insurance agency, today announced plans for the
commercial launch of its 5minuteinsure.com platform in Q3 2021
and reports that its new demo video is available on the
Company’s website.
5minuteinsure.com is designed to utilize artificial intelligence
(AI) to provide competitive insurance quotes online within five
minutes, with minimal data input by the customer. 5minuteinsure.com
combines the best of a traditional insurance agency, including the
option for direct agent interaction with the ability to bind a
policy either online or offline.
Ezra Beyman, CEO of Reliance Global Group,
commented, “We continue to advance our new 5minuteinsure.com
platform and are making progress towards finalizing the AI and data
analytics infrastructure, which we believe will provide an
exceptional customer experience. We have highlighted these
capabilities in our new teaser video, which is available on our
website. As recently announced, we now have licenses in 46
states and have agreements with 11 carriers with more to come. As a
result, I am pleased to announce we are on track to formally launch
the new platform in the third quarter of this year. This
follows our successful Beta launch earlier this year, which helped
us gain valuable user insight and preferences to further enhance
the offering. Importantly, we are leveraging the
infrastructure of our portfolio companies, including our Fortman
Insurance Agency subsidiary, which we believe provides us the
experience and track record necessary to help ensure a seamless
launch of this new offering in the months ahead. It is
clear that there is growing consumer demand for online tools that
compare live quotes for home and auto insurance between multiple
carriers, as well as allow customers to instantly purchase the
coverage they desire on a single platform. This offering is in
stark contrast to conventional lead generator comparison sites that
simply compare non-binding quotes and sell the consumer data as
leads to third-party agencies. We could not be more excited
about the outlook for our 5minuteinsure.com platform.”
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, LLC Tel: +1 (212)
671-1020 Email: RELI@crescendo-ir.com
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