Reliance Global Group's 5MinuteInsure.com Platform Enhanced with Licenses to Sell Home and Auto Insurance Policies in ...Cont
16 March 2021 - 2:02AM
InvestorsHub NewsWire
Reliance Global Group's 5MinuteInsure.com Platform Enhanced with
Licenses to Sell Home and Auto Insurance Policies in 40 States
Through its Reliance Insurtech Division
LAKEWOOD, NJ, March 15, 2021 -- InvestorsHub
NewsWire -- Reliance Global Group, Inc. (Nasdaq:
RELI; RELIW), which combines advanced
technologies with the personalized experience of a traditional
insurance agency, announces that its affiliated Reliance Insurtech
division has received licenses to sell home and auto insurance in
40 states, with plans to expand to additional types of insurance.
In order to utilize these licenses and achieve efficacy, its
5MinuteInsure.com platform is in the process of being configured to
offer insurance in the respective states, while the Company is
onboarding carriers in these states.
5MinuteInsure.com is designed to leverage the Company's
proprietary and novel technologies, allowing it to tap into the
growing number of online shoppers and, in turn, driving demand to
its affiliated agents. 5MinuteInsure.com utilizes artificial
intelligence to provide competitive insurance quotes, in many
cases, within five minutes, with minimal data input by the customer
via their smartphone, tablet or computer.
Ezra Beyman, CEO of Reliance Global Group, commented, "We have
achieved a significant milestone in being licensed in 40 states,
with more states to follow. Now, we are in the process of
aggressively onboarding known insurance carriers, both regional and
nationwide, in order to realize the benefits of this novel
platform. We believe that as this process unfolds, our online
offering will be highly attractive to the growing number of
consumers who have now become accustomed to conducting almost all
of their business online. We believe we are unique in our ability
to combine the traditional insurance agency model with tools
adapted for the modern digital age. We can now provide customers
the ability to digitally compare quotes within minutes and request
to bind their policy online. For clients who still prefer to
interact with a person directly, there will be concierge agents
available through live chat or phone to assist in reviewing and
binding coverage as well as servicing policies. We look forward to
providing further updates as key developments unfold."
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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