Allianz Australia Insurance Limited and Strata Community Insurance have signed a renewed long-term agreement, securing their partnership for a further minimum of ten years and reinforcing a combined commitment to specialist strata insurance for Australian communities.
The renewed distribution agreement extends a relationship first established in 2014 and continues for a further 10 years minimum (2036) providing long-term certainty for the owners corporations, strata managers and brokers who rely on this exclusive relationship for their insurance protection.
The agreement brings together the world’s number one insurance brand1 with Australia’s largest privately owned strata insurance specialist, pairing global scale with a singular focus on strata communities.
This arrangement consolidates Allianz’s strata insurance offering under a single specialist distribution arrangement reinforcing the partnership philosophy.
Julie Mitchell, Chief General Manager, Personal Injury & Commercial of Allianz Australia, said the renewed agreement reflected Allianz’s ongoing commitment to the strata sector and to the customers it serves.
"As strata living continues to grow across Australia, it's important that insurance solutions keep pace, and are designed to meet the specific needs of strata communities. Our partnership with Strata Community Insurance has stood for more than a decade because it’s grounded in deep specialist expertise and a shared commitment to customers. Extending that partnership for another ten years under a national specialist partner gives the sector certainty and a strong foundation to keep investing in better outcomes for our strata customers."
Shaun Feely, Chief Executive Officer of Strata Community Insurance, said the renewal was a clear signal of stability for the strata sector.
"This agreement gives owners corporations, strata managers and brokers genuine confidence that the capacity, expertise and service they rely on will continue, and continue to improve, well into the next decade. It’s a strong demonstration of Allianz’s belief in the specialist model we’ve built together. Thank you to our customers and intermediaries for supporting our business grow into what it is today."
Paul Keating, Managing Director and founder of Strata Community Insurance, said the privately owned, specialist model was central to what the exclusive relationship delivered for customers.
"As Australia’s largest privately owned strata insurance specialist, our focus is singular, we exist to serve strata communities, and nothing else. That focus shapes how we price, how we assess risk, and how we advocate for the owners we insure and the broader strata community we are so proud to be a part of. A further decade-plus commitment from a partner of Allianz’s standing gives us the unique positioning as the strongest strata insurance provider for owners, strata managers and brokers alike."