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8-K: Current report

SEC ·  Jul 30 20:35
Summary by Futu AI
On July 30, 2024, Reliance Global Group, Inc. announced the upcoming launch of its advanced AI-powered Quote & Bind InsurTech solution for commercial policies, set to enhance the capabilities of RELI Exchange agency partners. The new offering, which is expected to be available in the fourth quarter of 2024, will allow agents to provide real-time insurance quotes and bind policies directly from the RELI Exchange agent dashboard. This technology will cover various commercial insurance lines, including workers' compensation, general liability, and cyber liability, among others. Ezra Beyman, Chairman and CEO of Reliance, emphasized the potential for increased revenue for agents and the company through this innovation. The announcement was made through a press release, which is attached as Exhibit 99.1 to the Current Report on Form 8-K filed with the SEC. Reliance Global Group, Inc. is known for leveraging AI and cloud-based technologies to improve efficiency in the insurance brokerage industry, with platforms like RELI Exchange and 5minuteinsure.com.
On July 30, 2024, Reliance Global Group, Inc. announced the upcoming launch of its advanced AI-powered Quote & Bind InsurTech solution for commercial policies, set to enhance the capabilities of RELI Exchange agency partners. The new offering, which is expected to be available in the fourth quarter of 2024, will allow agents to provide real-time insurance quotes and bind policies directly from the RELI Exchange agent dashboard. This technology will cover various commercial insurance lines, including workers' compensation, general liability, and cyber liability, among others. Ezra Beyman, Chairman and CEO of Reliance, emphasized the potential for increased revenue for agents and the company through this innovation. The announcement was made through a press release, which is attached as Exhibit 99.1 to the Current Report on Form 8-K filed with the SEC. Reliance Global Group, Inc. is known for leveraging AI and cloud-based technologies to improve efficiency in the insurance brokerage industry, with platforms like RELI Exchange and 5minuteinsure.com.
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