Reliance Global Group launched a new Client Service Center for its RELI Exchange platform, enhancing agent productivity and client support.
Quiver AI Summary
Reliance Global Group, Inc. has announced the launch of a next-generation Client Service Center for its RELI Exchange InsurTech platform, aimed at enhancing the efficiency of independent insurance agents by managing client service requests more effectively. This development follows strong organic growth at RELI Exchange and is intended to allow agency partners to concentrate on acquiring new business while the dedicated service team handles client support. CEO Ezra Beyman emphasized that this strategic enhancement integrates service delivery with sales enablement, positioning RELI Exchange as a significant player in the InsurTech market. The new digital Client Service Center enables policyholders to submit service requests easily, while keeping agents informed in real time to maintain transparency and client trust. The ongoing enhancements reflect the company’s commitment to scaling solutions that maximize revenue while minimizing service costs.
Potential Positives
- Launch of next-generation Client Service Center enhances RELI Exchange InsurTech platform, allowing independent insurance agents to focus on client acquisition while ensuring efficient handling of client service requests.
- This enhancement reflects strong organic growth at RELI Exchange, showcasing the scalability and strength of the tech-enabled service model.
- The new platform features digital self-service capabilities for policyholders, streamlining the service process and maintaining transparency and client trust, which could improve client satisfaction metrics.
- The advancements position RELI Exchange as a leading InsurTech solution, aligning technology and operations with growth objectives to expand revenue while keeping service costs lean.
Potential Negatives
- Potential challenges in the rollout and adoption of the new Client Service Center could impact expected productivity gains and revenue growth.
- Forward-looking statements raise concerns about reliance on assumptions that may not materialize, introducing uncertainty about the company's future performance.
- Risks associated with competitive pressures in the InsurTech market could undermine the anticipated advantages of the new platform enhancements.
FAQ
What is the new client service center for RELI Exchange?
The new client service center enhances the InsurTech platform, allowing agents to focus on new business while managing client requests efficiently.
How does the client service center benefit independent insurance agents?
It enables agents to concentrate on acquiring new business by streamlining service requests and providing real-time updates without service distractions.
What functionalities does the digital Client Service Center offer?
Policyholders can submit requests, such as mortgagee clause updates, through a white-label interface routed directly to the in-house service team.
What are the expected outcomes of these platform enhancements?
The enhancements aim to improve agent productivity, streamline workflows, increase revenue growth, and strengthen client satisfaction metrics.
How does RELI Exchange plan to support agency growth?
By integrating service delivery with sales enablement, RELI Exchange helps agents focus on growth while maintaining operational efficiency and exceptional support.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RELI Insider Trading Activity
$RELI insiders have traded $RELI stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $RELI stock by insiders over the last 6 months:
- JOEL MARKOVITS (Chief Financial Officer) sold 40,534 shares for an estimated $121,602
- ALEX BLUMENFRUCHT sold 36,249 shares for an estimated $105,245
- BEN FRUCHTZWEIG sold 26,000 shares for an estimated $74,001
- YAAKOV BEYMAN (EXEC VP, INSURANCE DIVISION) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $61,149.
- SHELDON BRICKMAN sold 15,236 shares for an estimated $43,038
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Full Release
LAKEWOOD, NJ, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance”, “we” or the “Company”) today announced a significant enhancement to its RELI Exchange InsurTech platform through the launch of a next-generation Client Service Center. This expanded functionality empowers independent insurance agents to focus on acquiring new business while RELI Exchange’s dedicated team efficiently manages client service requests behind the scenes. This expansion comes on the heels of strong organic growth at RELI Exchange which underscores the scalability and strength of RELI Exchange’s tech-enabled service model.
“Our enhanced service platform allows agency partners to remain laser-focused on driving new business while we ensure that their clients receive prompt and professional support,” said Ezra Beyman, Chairman and CEO of Reliance Global Group. “This is a strategic step forward in our long-term plan to integrate service delivery with sales enablement. By keeping agents on the front lines and removing service-related distractions, RELI Exchange continues to differentiate itself as a true partner in agency growth.”
“With the new digital Client Service Center, policyholders can easily submit requests—such as mortgagee clause updates—through a white-label interface, which are then routed directly to our in-house service team for prompt handling,” said Moshe Fishman, Director of Insurtech and Operations. “This streamlines the service process without disrupting the agent’s focus on new business. At the same time, agents stay informed in real time, maintaining transparency and client trust. It’s as if each agency partner now has a built-in service team, enabling them to focus on growing their business faster without taking on additional overhead.”
“The platform enhancements we have made reflect our continued commitment to delivering smart, scalable solutions for our agency partners. Our technology and operations are tightly aligned with our growth objectives, enabling us to expand revenue while keeping service costs lean. We believe these developments position RELI Exchange as a leading InsurTech solution in the market, offering both operational leverage and exceptional client support,“ concluded Mr. Beyman.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding:
- Our expectations that the new next-generation Client Service Center will enhance agent productivity, streamline policy servicing workflows, and drive future revenue growth at RELI Exchange;
- Our belief that expanded digital self-service capabilities will strengthen our value proposition to independent insurance agents and accelerate platform adoption;
- Our expectation that real-time transparency and reporting features will improve client satisfaction metrics and support incremental margin expansion;
- Our intention to leverage the scalable InsurTech architecture of RELI Exchange to integrate service delivery with sales enablement and create operating leverage; and
- Other statements relating to our future financial performance, business strategy, technology developments, and operational execution.
These forward-looking statements are based on a number of assumptions, including that: (i) the Client Service Center enhancements roll out as planned; (ii) agency partners adopt the new functionalities at anticipated rates; (iii) integration and technical performance meet our expectations; and (iv) no material adverse changes occur in market, economic, or regulatory conditions that would impair platform usage.
Actual results could differ materially from those anticipated due to a variety of risks and uncertainties, including: delays or failure to complete the Spetner acquisition; challenges in realizing anticipated cost savings or cash flow improvements; unexpected integration issues; competitive pressures in the InsurTech and insurance agency markets; adverse economic or regulatory developments; and other factors described under “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission.
You are encouraged to carefully review our Annual Report on Form 10-K for the year ended December 31, 2024, as amended, as well as other SEC filings, for a more complete discussion of these and other risks and uncertainties. Except as required by law, Reliance Global Group, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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