Reliance Global Group Expands Network to Over 30 Insurance Carriers Nationwide and Now Licensed in 49 States
June 21 2022 - 8:00AM
via NewMediaWire – Reliance Global Group, Inc. (Nasdaq: RELI;
RELIW) (“Reliance”, “we” or the “Company”), which combines
artificial intelligence (AI) and cloud-based technologies with the
personalized experience of a traditional insurance agency, has
expanded its network to include more than 30 insurance carriers
nationwide. In addition, the Company is now licensed to sell
policies in 49 states.
Mr. Ezra Beyman, Chairman and CEO of Reliance, commented, “We
are making progress on our strategy to expand our nationwide
footprint and are now licensed in 49 states. Despite the current
economic challenges and inflationary environment, we believe we are
well positioned for growth as consumers increasingly look for ways
to save money, and re-evaluate their insurance policies and
coverage options. The fact that we can now offer policies through
more than 30 insurance carriers empowers our customers to choose
from a large selection of policies to meet their unique needs,
while helping to ensure they are getting the best possible pricing.
Importantly, as an insurance agency, we do not have the same
exposure to interest rates or underwriter liability as do
carriers.”
Mr. Beyman continued, “Through our state-of-the-art insurtech
capabilities, including 5MinuteInsure.com, customers can now
compare and purchase policies within minutes, while reducing
back-office expense. As a result, we are uniquely positioned within
the market, combining both the latest technologies, with the human
touch that customers expect. Moreover, following our recent
acquisition of Barra & Associates, we are leveraging these
capabilities to offer new insurtech solutions for independent
agents, which we look forward to unveiling in the near future.”
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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