Allianz partners with Strata Community Insurance to take on growing strata market

Sydney, 21 August 2014

Allianz is pleased to announce that it has entered into an exciting new strategic venture with Strata Community Insurance aimed at expanding their presence in the rapidly growing strata insurance market.

Strata Community Insurance is a business founded by Australia's most experienced strata insurance professionals. Collectively, the founders have four decades of experience, developing products and writing this form of insurance business through a variety of distribution channels across six countries. Their expertise is unparalleled within this segment of the insurance Industry.

The Australian strata insurance market's annual premium is estimated at approximately $1 billion and growing, due to the lifestyle choice of many home owners and renters.

Commenting on the new venture, Brett Williams, National Manager Underwriting Agencies, said “Allianz has a strategic desire to be well represented in this growing market segment and believes that Strata Community Insurance is the right partner to deliver both a comprehensive offering to the strata market and meet our overall strategic aims.”

Strata Community Insurance will work closely with Allianz, our current Brokers, One Allianz partners and the Strata Managers in implementing this important strategic initiative.

About Allianz Australia

Allianz Australia General Insurance Company of the Year 2009, 2011, 2012, 2013, 2014*
Best General Insurance Company of the Year 2006, 2007, 2010, 2012**

Allianz Australia delivers a wide range of personal, commercial and corporate insurance products and services to more than 2 million policyholders. Over 50% of Australia’s top 200 BRW-listed companies have some form of insurance cover with the group and the group provides workers compensation services to around one-fifth of Australian employees.

*Australia Insurance Industry Awards
**Australian Banking and Finance Insurance Awards