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RELI Exchange agents and customers can now quickly access real-time life insurance quotes, with minimal data entry
RELI Exchange has more than 150 partner agencies
LAKEWOOD, New Jersey, Feb. 01 2023 (GLOBE NEWSWIRE) — Reliance Global GroupInc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) with the personalized experience of a traditional insurance agency, today announced that it has added a tool real-time life insurance quotes at its two RELI Exchange and 5Minuteinsure.com platforms. The tool displays life insurance quotes from over 15 life insurance companies and is based on the company’s successful home and auto insurance quotes.
Moshe Fishman, Director of Insurtech at Reliance Global Group, said: “Adding the life insurance quote tool to both our 5MinuteInsure.com (B2C platform) and RELI Exchange ( -B2B form), further enhances the value proposition of each of the platforms. . Life insurance capabilities will provide our RELI Exchange agency partners with the technology to immediately compare life insurance policies in less than a minute, adding an important new tool to their agent toolbox. Plus, it gives consumers full transparency about what’s available to them and what price they should expect to pay. We’re committed to our mission of helping customers obtain the right level of insurance to protect what’s most important to them, while ensuring they get the best value.
Ezra Beyman, CEO of Reliance Global Group, said, “We are thrilled to announce the addition of the life insurance quote tool to our InsurTech platforms. This is another example of how we are continually improving our agency partner experiences by adding more features, products, and overall value to our InsurTech platforms. Fast and accurate quotes are of the utmost importance to our agency partners, making it easier for them to sell more policies and grow their business. Feedback on the RELI Exchange platform continues to be overwhelmingly positive as our agency partners continue to realize the benefits and increased productivity provided by our offering. Partner agencies welcome our technology, which allows them to minimize much of the distracting back-office load that an insurance agency typically has, giving them more time to meet their clients’ needs and grow their business. . The RELI Exchange platform continues to grow and now has more than 150 partner agencies. We look forward to integrating other carriers and adding exciting new features to our InsurTech platforms, which we believe will further enhance its value for our partner agencies. The rapid organic expansion of RELI Exchange is further illustration of the value we bring to our agency partners.
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: RELI, RELIW), an InsurTech pioneer, is working to transform the traditional insurance agency model by combining artificial intelligence (AI) with the personalized experience of a traditional insurance agency model. Reliance Global Group’s growth strategy includes the organic expansion of 5MinuteInsure.com, its business-to-consumer online platform that uses artificial intelligence and data mining, to provide competitive insurance quotes in 5 minutes, and RELI Exchange, its B2B InsurTech platform and agency partner network of insurance agents and agencies, designed to give independent agents a full suite of business development tools and the ability to effectively compete with national agencies . Additional information about the Company is available at https://www.dependenceglobalgroup.com/.
Forward-looking statements
This press release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact 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. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections regarding future events that the Company believes could affect its financial condition, results of operations, business strategy and financial needs. In some instances, forward-looking statements may be identified by words such as “may”, “should”, “potential”, “continue”, “expect”, “anticipate”, “intend”, “plans”, “believes”, “estimates”, “projects”, “forecasts”, “proposals” and similar expressions. Actual results may differ materially from those in the forward-looking statements due to a number of factors, including those described from time to time in our filings with the SEC and elsewhere, as well as the risks and uncertainties relating to: the company’s ability to provide agents on the RELI Exchange network with a potential new revenue stream accretive to the profitability of their existing businesses, the ability of RELI Exchange to attract new agency partners and provide them with the tools to that their businesses operate more efficiently and become more profitable, the company’s ability to move independent agents to the RELI Exchange platform, the company’s ability to add new products and services in the future, to accelerate growth of the platform and making RELI Exchange the largest network of partner agencies in the country, the company’s ability to generate revenue as expected the Company’s ability to comply with NASDAQ listing requirements, and other factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and its subsequent filings with from the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release speaks only as of the date of this release, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unforeseen events, except as required by law.
Contact:
Crescendo Communications, LLC
Tel: +1 (212) 671-1020
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