The Canstar Innovation Excellence Awards annually celebrate the most cutting-edge financial products and services that significantly improve consumer experiences. Through a rigorous evaluation process conducted by its expert research committee, Canstar identifies products that stand out in the financial industry.
Allianz Australia’s “One Click” Price Estimate system leverages data already submitted by customers applying for home loans to quickly generate estimates for home insurance, eliminating the need for redundant data entry and enhancing efficiency for both customers and their financial partners.
Allianz Australia was also awarded as the Most Innovative Insurance Companies in Australia and New Zealand. Read the 5-Star Insurance Innovators report here.
The “One Click” system, Allianz stated, facilitates a smoother transaction by integrating with existing application processes through an advanced API. It also pre-populates customer data, further reducing time and effort.
Commenting on the award, Dan Tully, general manager, consumer partners at Allianz Australia, said: “This is tremendous recognition for our dedication to delivering a better experience for our customers.”
Tully mentioned the expansion of the technology to the motor insurance sector.
The new Motor “One Click” Price Estimate system aims to replicate the success of its home insurance counterpart by providing a similar expedited estimate process to vehicle buyers, leveraging relationships with banks, financial institutions, and mortgage brokers.
“This will be available to many of our partners, including financial institutions, mortgage brokers, and banks. It’s great that as more partners adopt this, we’ll be able to provide the same experience for more of our customers,” Tully said.
