24/7 Market News Snapshot 30 September, 2024 – Reliance Global Group, Inc. Common Stock (NASDAQ:RELI)

September 30, 2024

DENVER, Colo., 30 September, 2024 (247marketnews.com) – (NASDAQ:RELI) are discussed in this article.
Reliance Global Group, Inc. (RELI) is currently witnessing a remarkable bullish trend, with shares trading at $2.60 in pre-market sessions, marking an impressive 18.72% increase from the previous close of $2.19. This notable surge is bolstered by a significant trading volume of 511.61K, indicating robust investor interest and potential upward momentum. Investors are advised to monitor key resistance levels at $2.75 and $3.00, while support is identified around $2.40. The sharp price movement may stem from positive market sentiment or underlying catalysts, and traders should consider volume patterns and broader market conditions to assess the sustainability of this rally.

In addition to its market performance, Reliance Global Group is excited to announce the early launch of its innovative AI-powered Quote & Bind InsurTech solution, designed specifically for commercial insurance policies. This cutting-edge platform empowers agency partners by providing real-time quoting capabilities, enabling them to bind commercial insurance policies directly from their dashboards. Originally planned for a Q4 release, the solution is now live on the RELI Exchange platform, allowing agents to quote a diverse range of commercial lines including workers’ compensation, general liability, cyber liability, and employment practices liability insurance.

Ezra Beyman, Chairman and CEO of Reliance, conveyed enthusiasm for the early implementation of this tool, stating, “This marks a significant advancement not just for our company, but for our agency partners.” He emphasized that the solution enhances efficiency and opens new revenue opportunities with minimal operational overhead. Moshe Fishman, Director of Insurtech and Operations, highlighted the AI-driven platform’s potential to transform the quoting and binding process for larger commercial policies, thereby allowing agents to access lucrative markets more easily. As user feedback shapes the ongoing development of this beta version, Reliance Global Group is poised for accelerated growth while reinforcing its dedication to delivering state-of-the-art technology solutions for its agency partners.

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