What is Snap and Quote?
Snap & Quote is a tool that helps you get a faster carInsurance quote by using artificial intelligence (AI) to extract information from your existing insurance documents, such as a renewal notice, statement of fact, or policy schedule. You can also provide your information by manually adding it into our website.
The purpose of the tool is to reduce manual data entry and make the quote process faster and more convenient. Instead of entering all your details yourself, the AI can identify and pre-populate information that is already available in your uploaded documents.
What type of AI is used?
Snap & Quote uses AI-powered document recognition and information extraction technology to find relevant information contained within the documents that you upload. It converts that into a structured format that we need for the purpose of giving you a quote with Allianz. The AI's role is limited to extracting and pre-filling information provided by you into the quote journey. You will get the opportunity to validate and update that information before we generate your quote.
The AI does not calculate premiums, apply underwriting rules, or make insurance decisions. These activities are performed by Allianz's standard quoting systems.
What information can the AI read?
Where available in your uploaded document, the AI may extract information such as:
Please review your information carefully
Although the AI is designed to accurately extract information from your documents, you should always review and confirm all pre-populated information before submitting your quote request.
You are responsible for ensuring that the information provided is complete and accurate. If any information is incorrect, you should update it before proceeding to the next page in the quote journey.
Is this automated decision-making?
No.
Snap & Quote is a tool designed to assist with information collection and data entry. The AI does not make decisions on whether a quote is offered, declined or how it is priced.
Your information is processed through our standard quote validation, underwriting and pricing systems in the same way as information submitted through other quoting channels without the use of any AI tool would be. Underwriting decisions and premium calculations are given through our regular systems using established underwriting criteria and pricing methodologies.
Using Snap & Quote does not change how your quote is assessed compared with using our traditional manual process. The tool simply provides a different way of supplying information.
What happens if the AI gets something wrong?
If information has been extracted incorrectly, you can amend it before submitting your quote request. We recommend reviewing all populated fields carefully to ensure they accurately reflect your circumstances.
If you experience difficulties while using the service, please contact us for assistance on 01 448 4848
What happens to your documents?
The scanned document is used to extract the information required to generate your quotation and will be retained for the duration of the quotation validity period.
How is my information protected?
The AI technology used in the Snap & Quote feature operates within our approved technical and security controls. Information you provide is processed for the purpose of generating your insurance quote and is protected in accordance with our data protection policy, information security and cybersecurity requirements.
We continuously monitor and govern the use of AI within our organisation to help ensure that it is used safely, responsibly and in accordance with applicable legal, regulatory and security requirements. This includes appropriate human oversight, security controls and safeguards designed to protect customer information.
