Reliance Global Group Launches 5MinuteInsure.com in Missouri, Alabama, Iowa and West Virginia
Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) has expanded its 5MinuteInsure.com platform to four additional states: Missouri, Alabama, Iowa, and West Virginia. This expansion brings the total number of states served to 12, covering over 82 million people. The platform, utilizing AI and data mining, allows users to receive competitive auto insurance quotes quickly and bind coverage within minutes. The company's growth strategy includes organic expansion and acquiring undervalued insurance agencies.
- Expansion to 12 states with a population of over 82 million enhances market presence.
- 5MinuteInsure.com provides quick insurance quotes and binding coverage in under 5 minutes, improving customer experience.
- Aggressive strategy for agency acquisitions could enhance growth.
- None.
Platform Now Live in 12 States Representing a Combined Population of More Than 82 Million People
LAKEWOOD, N.J., Nov. 29, 2021 (GLOBE NEWSWIRE) -- 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 Missouri, Alabama, Iowa and West Virginia.
Ezra Beyman, CEO of Reliance Global Group, commented, “Today, we’re pleased to announce that we’ve extended coverage of our 5MinuteInsure.com platform to the great states of Missouri, Alabama, Iowa and West Virginia. These launches follow the additions of South Carolina, North Carolina, Virginia, and Tennessee last week. In total, our platform now spans 12 states, with a combined population of more than 82 million people, and we look forward to continuing our nationwide rollout, which complements our aggressive agency acquisition strategy.”
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 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:
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Tel: +1 (212) 671-1020
Email: RELI@crescendo-ir.com
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