Reliance Global Group has named Judah Korman as chief operating officer, Zack Wilder as chief technology officer and Mordy Beyman as executive vice president, as the Nasdaq-listed insurtech moves to place artificial intelligence at the center of a dual strategy spanning agency acquisitions and new product development.
Two additional engineers join Wilder to form the company's newly established AI product development team. Moshe Fishman, previously named senior vice president of Insurtech, completes the group.
Wilder brings fintech experience from Coinbase and Capital One, where he led engineering work across core financial and authentication infrastructure. Korman has a decade of experience building and exiting technology companies, including founding a mobile logistics marketplace that was acquired, and has served as a private equity analyst on leveraged buyout transactions. Beyman's appointment formalizes a role he has held in practice for some time, having been closely involved in shaping the company's long-term strategic direction.
Reliance is pursuing two parallel tracks with AI as the connecting architecture. The first is an AI-powered agency acquisition roll-up, building on its existing model of acquiring independent agencies and integrating them onto a centralized platform designed to automate back-office workflows, improve coverage routing and extract compounding value from each agency's data. The second is the development of AI-native insurance products for mass-market distribution — not adaptations of existing products, but policies conceived from the ground up around AI-driven risk selection, pricing and conversational quoting and binding workflows.
CEO Ezra Beyman said: "We started by embedding technology into the agency model, and the results validated that thesis. Now we are going further: running our acquisition roll-up through an AI backbone and investing in insurance products that we believe AI has made possible for the first time."
The strategic context for the roll-up is significant. Firms announced 695 insurance agency mergers and acquisitions in 2025, down 12% from 2024, according to OPTIS Partners, with the number of unique buyers falling to 95 as the market concentrates around a shrinking pool of well-capitalized acquirers. By some estimates, more than 30,000 independent agencies generate less than $1.25 million each in annual revenue and most lack viable internal perpetuation options, a structural reality that ensures continued consolidation.
Reliance's argument is that its roll-up model differs from conventional consolidation. Traditional acquirers often face diminishing returns as agencies require heavy manual integration. The company intends to use automation to compress integration timelines and improve acquisition economics, with each acquired agency adding proprietary data intended to improve platform performance across the network.
The product development pillar positions Reliance in a segment attracting significant capital. Insurtech funding rebounded strongly in 2025, rising 19.5% year over year to $5.1 billion — the first annual increase since 2021 — according to Bloomberg.
Wilder's mandate is to translate Reliance's AI strategy into product architecture and scalable infrastructure. His background in regulated financial platforms is directly relevant to an industry where adoption is accelerating but execution remains uneven.
A Conning 2025 industry survey found generative AI adoption among insurers jumped close to 100% year over year, with 55% reporting early or full deployment, yet only 16% of property and casualty insurers currently use AI to augment human underwriting, even as 60% plan to prioritize it by 2028.
Any company building AI-native insurance products across a national distribution network faces a complex supervisory environment. The NAIC launched a multistate pilot of an AI Evaluation Tool running from January through September 2026, with twelve participating states, designed to give regulators a structured framework for reviewing insurer AI systems during market conduct examinations.
By late 2025, 23 states and Washington, D.C., had adopted the NAIC's AI Model Bulletin, which requires insurers to establish governance, documentation and audit procedures. In the absence of overarching federal AI law, states continue to pursue their own approaches, with Colorado, Utah and California among those passing AI transparency and consumer protection legislation that applies to insurers.
Wilder said: "Insurance is in a similar position today to where Capital One was when I joined. AI is now mature enough to do more than automate workflows. It can reimagine what an insurance product looks like, how it is priced, and how it reaches a customer."
