Allianz Australia’s “one click” home insurance price estimate system has won an innovation excellence award from Canstar.

The tool uses data supplied during a customer’s home loan application to quickly generate a price estimate for insurance.

“We’re delighted to receive this recognition for what we consider to be a truly innovative service offering to the Australian financial marketplace,” Chief GM Consumer Shez Ford said. “This is a fantastic achievement for Allianz.”

The system was recognised for its efficient integration into the home loan process.

Allianz Australia GM Consumer Partners Dan Tully says the insurer has developed a similar system for people buying motor vehicles that will be available to partners including financial institutions and mortgage brokers.  

“This is tremendous recognition for our dedication to delivering a better experience for our customers,” he said. 

Consumer comparison site Canstar commended Allianz’s automated data handling and certificate delivery, which it says addresses key insurance-related delays in home loan settlements. “Canstar judges found its seamless software interface integration and pre-filled data feature significantly enhanced operational efficiency and customer convenience,” it said.