Reliance Global Group Announces Launch of Homeowner’s Insurance on 5MinuteInsure.com; Introduces Bundled Home and Auto Policies
June 23 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,
announces the launch of homeowner’s insurance on
5MinuteInsure.com. The Company has also introduced bundled
home and auto policies for additional savings.
Mr. Ezra Beyman, Chairman and CEO of Reliance, commented, “In
addition to our auto insurance offering on 5MinuteInsure.com, which
has been helping clients save money since Q3 2021, we are excited
to announce the launch of homeowner’s insurance on the platform. We
are concurrently introducing the 5MinuteInsure.com experience for
bundled home and auto insurance policies, which should enable
clients to receive multi-policy discounts from our carriers.
Notably, Reliance agency figures show that retention rates of
multi-line clients are significantly improved, thereby increasing
the long-term value of new policies.”
“As recently announced, we have grown our network to include
more than 30 insurance carriers nationwide,” continued Mr. Beyman.
“5MinuteInsure.com enables customers to instantly compare insurance
quotes helping to ensure they are getting optimal pricing for
policies that are well-matched to their personal needs.
Additionally, customers can compare and purchase policies within
minutes, while our licensed agents provide the human touch. At the
same time, we are leveraging our state-of-the-art, proprietary
Insurtech platform designed to empower independent agents to write
more insurance policies in less time with reduced paperwork; which
we will be unveiling in the coming weeks.”
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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