Business
Reliance Global Group Launches 5MinuteInsure.com in Michigan and Arizona
Coverage now spans four states with plans to add additional states near term LAKEWOOD, N.J., Nov. 03, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Reliance
About this update from Reliance Global Group, Inc.
[{"type":"text","content":"Coverage now spans four states with plans to add additional states near term LAKEWOOD, N.J., Nov. 03, 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 Michigan and Arizona. Ezra Beyman, CEO of Reliance Global Group, commented, “We are excited to now offer coverage through 5MinuteInsure.com in Michigan and Arizona following a successful launch of 5MinuteInsure.com in Ohio and Indiana within just the past two months. In the short time since our initial commercial launch, we are pleased to already offer coverage in four states with a combined population of over 35 million. We are pacing well ahead of schedule with more states to come. Moreover, the response from customers has been quite positive given the fact they can compare multiple carriers with minimal data input, and receive competing quotes within minutes. At the same time, we are stepping up our digital marketing activities, which we believe will provide a meaningful return on capital given the scalability of our platform and recurring revenue associated with these policies. I could not be more excited about the growth and market potential for 5MinuteInsure.com.” 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 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.relianceglobalgrou...