Reliance Global Group, Inc. announced the early launch of its AI-powered Quote & Bind InsurTech solution for commercial policies on September 30, 2024. Originally scheduled for release in Q4 2024, the beta version of the solution is now available to RELI Exchange agency partners, offering real-time quotes and instant policy binding for a variety of commercial insurance lines. This technological advancement is expected to significantly increase premium volume growth and add millions of dollars in new premiums to the company's books in the upcoming year. The early release allows agents to provide faster, more competitive quotes, enhancing efficiency and revenue potential. The company is already collecting user feedback to refine the platform further. Ezra Beyman, Chairman and CEO, emphasized the solution's...Show More

Reliance Global Group, Inc. announced the early launch of its AI-powered Quote & Bind InsurTech solution for commercial policies on September 30, 2024. Originally scheduled for release in Q4 2024, the beta version of the solution is now available to RELI Exchange agency partners, offering real-time quotes and instant policy binding for a variety of commercial insurance lines. This technological advancement is expected to significantly increase premium volume growth and add millions of dollars in new premiums to the company's books in the upcoming year. The early release allows agents to provide faster, more competitive quotes, enhancing efficiency and revenue potential. The company is already collecting user feedback to refine the platform further. Ezra Beyman, Chairman and CEO, emphasized the solution's potential to improve agent efficiency and generate substantial premium growth with minimal operational overhead. Moshe Fishman, Director of Insurtech and Operations, highlighted the transformative impact of the AI automation on the commercial policy market. Reliance Global Group is known for leveraging AI and cloud-based technologies to improve the insurance agency/brokerage industry through its platforms, including RELI Exchange and 5minuteinsure.com.