Reliance Global Group Announces Successful Launch of 5MinuteInsure.com
September 13 2021 - 9:15AM
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 that it has
successfully launched 5MinuteInsure.com in Ohio, the
first state in the Company’s planned nationwide rollout.
5MinuteInsure.com is a tool developed by Reliance
Global that utilizes artificial intelligence and data mining to
provide competitive insurance quotes in under 2 minutes, with the
ability to bind coverage within 5 minutes, with minimal data input
via a smartphone, tablet or computer. 5MinuteInsure.com combines
the best of a traditional insurance agency, including the option
for direct agent interaction, with the ability to bind a policy
online. Through 5MinuteInsure.com, consumers can compare live
quotes for 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.
Ezra Beyman, CEO of Reliance Global Group,
commented, “I am very pleased to announce the successful launch of
5MinuteInsure.com in Ohio. The goal of this platform is to
tap into the growing number of online shoppers by providing them a
seamless one-stop solution to compare quotes and instantly bind a
policy. The feedback from customers has exceeded our
expectations. As an example, one of our first clients was able to
reduce their premium from approximately $2,000 to just $800 on a
comparable policy with a new carrier, representing a 60%
savings.
“Unlike other sectors, insurance has been one of
the last to adopt technology and move online. Based on customer
feedback, we believe 5minuteinsure.com is poised to rapidly
establish a dominant position in the multi-billion dollar insurance
market by taking advantage of the migration of insurance from
offline to online. At the same time, we continue to add
insurance carriers to our network and now offer insurance products
from a total of 16 carriers and are approved in 46 states. We plan
to roll out our 5MinuteInsure.com platform in additional states in
the near future and look forward to providing further updates as we
progress.”
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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