New to The Street’s TV Host Jane King sits with Moshe Fishman, Director of Insurtech & Operations of Reliance Global Group, Inc. (NASDAQ: RELI) (NASDAQ: RELIW) ($RELI). From Nasdaq MarketSite Studio, Moshe explains the Company’s insurance agency business model using AI and cloud computing modeling and technologies. RELI’s management implemented the “OneFirm” vision, which shows operational results. The approach expects to increase revenues and decrease costs as carrier consolidation improves operational efficiencies and productivity. RELI Exchange Partner Network’s Insurtech platform replaces the traditional office and way of doing business while minimizing risk. Single insurance agency offices have higher risk ratios per operation than being part of a larger organization where risk is spread and lowered due to the scale and size of the business. RELI agents have seen several cost savings as being part of the network. Moshe discusses the Company’s Letter-of-Intent (LOI) on an expected acquisition of a voluntary benefits enrollment company. Due diligence and other transparency are starting to show proof that the target acquisition is a strong business with positive operational ongoings. Employers offer voluntary benefits, discounted services, and products to employees. Usually, the employees pay for these services, but the costs are justifiable because of the benefits received. Employers like it because they typically don’t pay for the benefits, and it’s an attractive employee incentive that can help a business maintain employee retention and goodwill. Upon closing the acquisition, RELI expects accretive financials based on the complete integration and consolidation of the target company into RELI’s existing business operations. Throughout 2024, RELI expects a fantastic operational year with high revenue growth over 2023. Moshe invites agents and others to learn more about the Company; visit the website https://relianceglobalgroup.com/. Customers who want insurance quotes can use RELI’s 5minuteinsure.com site. Agents can learn more at RELI’s Exchange Partner Network site. The on-screen QR code is available during the show; download or visit Reliance Global Group, Inc. – https://relianceglobalgroup.com/.
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