Major insurers split industry award

Major insurers split industry award | Insurance Business

Major insurers split industry award
QBE and Budget Direct could not be separated at the top of the list for the CANSTAR Outstanding Value Car Insurance Award.

The award, which recognise state winners as well as those nationally, was split by the insurers thanks to their offerings across Australia.

“In 2015 Budget Direct and QBE couldn’t be separated for the value they provide,” the CANSTAR 2015 star ratings report into car insurance noted.

“Budget Direct topped the scores in half the states – Victoria, New South Wales and Tasmania, while QBE was outright winner in South Australia.

“It was a hair’s breadth away in all other states, meaning that both insurers are deserved winners of the national accolade.”

In Western Australia, SGIO took the crown whilst NRMA prevailed in Queensland.

Peter Jamieson, QBE general manager of direct distribution, spoke highly of the award and what it means to the QBE business.

“This award is excellent affirmation that we are delivering on our commitment to provide our customers with superior value car insurance that extends beyond price to comprehensive cover and product features,” Jamieson said.

“We are firmly focused on offering products that meet the changing needs of our customers and are extremely pleased to see we are outperforming the industry in this space.”

Research manager at CANSTAR, Mitchell Watson, congratulated QBE on their achievement and noted that the competitive motor industry proves a difficult battle-ground for insurers.

“With very competitive pricing and great-value features, QBE has performed exceptionally well to achieve our national award for outstanding value car insurance,” Watson said.
“Congratulations to QBE for its success in offering outstanding value car insurance to Australian motorists.”
CANSTAR analyse more than 22,000 quotes nationally and rate 61 car insurance policies from 53 insurance providers to determine the award winners.