LAKEWOOD, N.J., Sept. 29, 2022 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which mixes synthetic intelligence (AI) and cloud-based applied sciences with the customized expertise of a standard insurance company, immediately introduced that RELI Exchange, its business-to-business (B2B) InsurTech platform and company companion community, has surpassed 100 company companions (click on right here to view the RELI Exchange video).
Moshe Fishman, Director of InsurTech at Reliance Global Group commented, “Since its launch in July, RELI Exchange is rapidly becoming one of the premier agency partner networks in the nation. Unlike other agency solutions, our cloud-based platform does not require agency partners to pay upfront or recurring franchise fees to set up or manage – they can simply sign up as an agency partner and start leveraging the power of the RELI Exchange to grow and immediately improve the operating efficiency of their business. RELI Exchange helps agents compare quotes faster and sell more insurance in a way they could not have done before implementing the tech stack that Reliance Global Group has developed. The platform provides competitive insurance quotes from more than thirty insurance carriers nationwide in just a few minutes, ensuring clients are getting the best possible quotes. RELI Exchange also reduces an agent’s back-office burden and expenses by eliminating paperwork, thus providing the agent with more time to focus on their clients, selling policies, and growing their businesses.”
“Our platform is also attracting entrepreneurs who previously served as captive carrier agents or within large and often bureaucratic agencies. These agents can now reap the full benefits of owning their own business. Given the uncertainties of the current economy, property and casualty insurance have withstood the test of time, even in inflationary environments. At the same time, we are aggressively adding new recurring revenue streams to further entice and support the growth of our agency partner network. As a result, we are proud to announce that we have surpassed one hundred agency partners within the network.”
Mr. Ezra Beyman, Chairman and CEO of Reliance, commented, “We have received excellent feedback from our RELI Exchange agency partners. They are already reporting on the positive effects the platform is having on their business. We believe we have built a best-in-class platform and are not aware of any other offering in the insurance industry with the speed, or versatility of RELI Exchange. We are excited that the platform has grown so quickly and look forward to continuing to aggressively add new agency partners and new revenue streams to our network, which we believe will have a multiplier effect on the growth of our business. Given the proprietary software that we developed, our agency partner model is highly scalable, and we believe it will provide us with the ability to grow this business line significantly with little additional costs. As we have stated previously, our goal is to build RELI Exchange into the largest agency partner network in the country and we believe the growth we have already experienced demonstrates that we are on the right path.”
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: RELI, RELIW) is combining superior applied sciences with the customized expertise of a standard insurance company mannequin. Reliance Global Group’s development technique is targeted on each natural enlargement, together with 5minuteinsure.com and RELI Exchange, in addition to buying nicely managed, undervalued and money move optimistic insurance businesses. Additional details about the Company is accessible at https://www.relianceglobalgroup.com/.
Forward-Looking Statements
This press launch incorporates forward-looking statements throughout the which means of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements aside from statements of historic information included on this press launch might represent forward-looking statements and are usually not ensures of future efficiency, situation or outcomes and contain a lot of dangers and uncertainties. In some circumstances, forward-looking statements may be recognized by terminology akin to “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and comparable expressions and embrace statements akin to having constructed a best-in-class platform, persevering with to aggressively add new company companions and new income streams to our community, such new additions and income streams having a multiplier impact on the expansion of our business, the platform offering the Company with the power to develop this business line considerably with little extra prices, the aim of constructing RELI Exchange into the biggest company companion community within the nation and the expansion the Company has already skilled demonstrating that the Company is on the suitable path. Actual outcomes might differ materially from these within the forward-looking statements because of a lot of components, together with these described every now and then in our filings with the Securities and Exchange Commission and elsewhere and threat as and uncertainties associated to: the Company’s potential to proceed to aggressively add new company companions and new income streams to our community, the Company’s potential to generate income and develop the RELI Exchange, the Company’s potential to take care of its NASDAQ itemizing and the opposite components described within the Company’s Annual Report on Form 10-Okay for the 12 months ended December 31, 2021 and its subsequent filings with the SEC, together with subsequent periodic experiences on Forms 10-Q and 8-Okay. The info on this launch is supplied solely as of the date of this launch, and the Company undertakes no obligation to replace or revise publicly any forward-looking statements, whether or not because of new info, future occasions or in any other case, after the date on which the statements are made or to mirror the prevalence of unanticipated occasions, besides as required by regulation.
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