Source: Global Newswire
Reliance Global Group, Inc. announced the official launch of the beta version of its highly anticipated AI-powered Quote & Bind InsurTech solution for commercial policies. Initially scheduled for release in Q4 2024, the new solution has been launched ahead of schedule, giving RELI Exchange agency partners immediate access to this cutting-edge technology.
The solution, now live on the RELI Exchange platform, enables agents to generate real-time quotes and bind commercial insurance policies instantly from their dashboard. This advanced system covers a wide range of commercial insurance lines, including workers’ compensation, general liability, cyber liability, business owner’s policies, and executive coverages such as directors & officers (D&O) insurance and employment practices liability insurance (EPLI).
Ezra Beyman, Chairman and CEO of Reliance, commented, “We are excited to have officially launched our beta version of the AI-powered Quote & Bind solution ahead of schedule, marking a major step forward for both our company and agency partners. By delivering this innovative tool early, we are providing our agents with the ability to capitalize on new revenue opportunities now. The solution’s ability to quote and bind larger commercial policies seamlessly is expected to boost agent efficiency and generate significant premium growth for the Company with minimal operational overhead. This early launch further reinforces our commitment to delivering state-of-the-art technology to our agency partners, and empowering them to succeed in an increasingly competitive market.”
Moshe Fishman, Director of Insurtech and Operations at Reliance, added, “The early launch of this feature is a game-changer for our agents, allowing them to tap into lucrative commercial policy markets with ease. The ability to quote and bind these larger policies with AI-based automation not only increases efficiency but also creates tremendous revenue potential. Just one commercial policy can have the same impact as dozens of smaller policies, meaning agents can add substantial premiums to their books with minimal effort. We believe this positions both our agents and Reliance for exponential growth in the coming months and years.”
Read the full article: https://www.globenewswire.com/news-release/2024/09/30/2955178/0/en/Reliance-Global-Group-Launches-Beta-Version-of-Advanced-Quote-Bind-InsurTech-Solution-for-Commercial-Policies-Ahead-of-Schedule.html
