Reliance Global Group Launches 5MinuteInsure.com in Michigan and Arizona
November 03 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 that it has
successfully launched 5MinuteInsure.com in Michigan and Arizona.
Ezra Beyman, CEO of Reliance Global Group, commented, “We are
excited to now offer coverage through 5MinuteInsure.com in Michigan
and Arizona following a successful launch of 5MinuteInsure.com in
Ohio and Indiana within just the past two months. In the
short time since our initial commercial launch, we are pleased to
already offer coverage in four states with a combined population of
over 35 million. We are pacing well ahead of schedule with more
states to come. Moreover, the response from customers has
been quite positive given the fact they can compare multiple
carriers with minimal data input, and receive competing quotes
within minutes. At the same time, we are stepping up our
digital marketing activities, which we believe will provide a
meaningful return on capital given the scalability of our platform
and recurring revenue associated with these policies. I could
not be more excited about the growth and market potential for
5MinuteInsure.com.”
5MinuteInsure.com is a platform developed by
Reliance Global that provides an easy and efficient way to shop and
buy insurance. Using artificial intelligence and data mining,
5MinuteInsure.com provides consumers with competitive insurance
quotes in under 2 minutes, with the ability to bind coverage within
5 minutes. Consumers can compare live quotes for auto insurance
between multiple carriers as well as instantly purchase coverage on
the same single platform. A video overview of the platform is
available here.
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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