Reliance Global Group Adds Lemonade and Hippo to its 5MinuteInsure.com Platform
July 26 2021 - 8:30AM
via NewMediaWire --
Reliance Global Group,
Inc. (Nasdaq: RELI; RELIW), an insurtech company focused
on combining advanced technologies with the personalized experience
of a traditional insurance agency, today announced its subsidiary,
Fortman Insurance Services LLC, has been approved to
offer insurance products from Lemonade Inc. and Hippo
Enterprises Inc. through the
Company’s 5MinuteInsure.com platform.
Ezra Beyman, CEO of Reliance Global Group,
commented, “The addition of Lemonade and Hippo to our growing list
of insurance carriers marks yet another important milestone for our
5MinuteInsure.com platform. We now offer insurance products from a
total of 13 carriers and are approved in 46 states. Lemonade and
Hippo are among the most high-tech property and casualty insurance
providers in the United States. Their tech forward approach to
insurance products makes them a natural fit for the platform. At
the same time, we are on track to formally launch 5MinuteInsure.com
this summer. The feedback from the carriers as well as
consumers that have beta tested the site has been extremely
favorable. This is certainly an exciting time for our Company and
we look forward to providing further updates.”
5MinuteInsure.com utilizes 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. Through 5MinuteInsure.com,
consumers can compare live quotes for home and auto insurance
between multiple carriers, as well as instantly purchase coverage
on the same single platform. This is a major differentiating factor
from lead generator comparison sites that compare non-binding
quotes and often sell personal information to third-party
providers.
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: RELI, RELIW)
is an insurtech company 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
Reliance Global (NASDAQ:RELI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Reliance Global (NASDAQ:RELI)
Historical Stock Chart
From Sep 2023 to Sep 2024