Name

Longitude Insurance

Legal name

Longitude Insurance Pty Ltd

Website

https://longitudeinsurance.com.au

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

North Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Strata Insurance Premiums: Longitude Insurance generates revenue through insurance premiums for residential, commercial, and mixed-use strata buildings. The company operates as a specialist underwriting agency backed by Chubb Insurance, collecting premiums in exchange for policy coverage.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Longitude Insurance is a specialist strata insurance underwriting agency that provides a single-package insurance product covering residential, commercial, and mixed-use strata buildings for Bodies Corporate and Owners Corporations. Policies are backed by Chubb Insurance and distributed exclusively through supporting insurance brokers across Australia, with optional add-on covers including Equipment Breakdown (up to $20M), Office Bearers' Liability, Fidelity Guarantee, and Government Audit Costs/WHS/Legal Expenses cover.

Product overview

Longitude Insurance offers a single-package strata insurance product portfolio covering residential, commercial, and mixed-use strata buildings. The core offering is supplemented by optional add-on modules including Equipment Breakdown Cover (market leading, capped at $20M), Office Bearers' Liability, Fidelity Guarantee, and Government Audit Costs/Legal Expenses coverage. The company also offers a Loyalty Bonus Programme for clients maintaining coverage for 3+ consecutive years. All products are backed by Chubb Insurance and distributed exclusively through supporting brokers.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Strata Insurance Insurance coverage for residential strata buildings, covering property damage, liability, and optional benefits, designed to meet mandatory strata insurance obligations for Bodies Corporate. Distributed via supporting insurance brokers.
• Commercial Strata Insurance Insurance coverage for commercial strata buildings, providing property protection and liability coverage for commercial Body Corporates, including office bearers' liability and statutory fines/penalties options.
• Mixed-Use Strata Insurance Insurance coverage for mixed-use strata buildings combining residential and commercial elements under a single package policy.
• Equipment Breakdown Cover Optional cover for breakdown of plant and equipment including boilers, pressure vessels and pressure pipe systems, available as an extension to the strata policy with cover capped at $20M.
• Office Bearers' Liability Optional cover for an Office Bearer should they become legally liable to pay compensation for any Wrongful Act committed whilst in the execution of their duties, available as an extension to the strata policy.
• Fidelity Guarantee Optional cover for loss of funds or tangible property as a result of theft, embezzlement, misappropriation, or fraud up to $100,000, available as an extension to the strata policy.
• Government Audit Costs, Workplace Health and Safety Breaches and Legal Expenses Cover Optional cover for government audit costs up to $30,000, legal costs for Workplace Health and Safety appeals up to $150,000, and legal expenses for claims and disputes up to $50,000, available as an extension to the strata policy.

Quantifiable outcome

• Insured over $662B in strata assets across approximately 148,000 policies in 10 years
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• CHU Strata (Gallagher Australia): CHU is Australia's largest dedicated strata underwriting agency, distributing residential and commercial strata policies through brokers. It is Longitude's most direct competitor, operating in the same niche with similar broker-led model and broader national footprint.
• Body Corporate Underwriters (BCU): BCU is a specialist strata and body corporate insurance underwriting agency in Australia. It targets the same mid-market Bodies Corporate and Owners Corporations through broker channels, competing head-to-head with Longitude for strata schemes.
• Honan Insurance Group: Honan is an Australian specialty insurance broker with deep strata and body corporate expertise. It competes for the same strata insurance placements via a broker-led model with national reach and serves overlapping client segments (Bodies Corporate, Owners Corporations).
• Whitbread Insurance Brokers: Whitbread is an Australian broker specializing in strata and body corporate insurance with national representation. It competes directly for strata schemes in NSW and other states and shares Longitude's broker-centric service philosophy.
• EBM Insurance Brokers: EBM is an Australian brokerage focused on body corporate and strata insurance, serving NSW, QLD, and VIC markets. It is comparable as it targets the same strata buyer (Owners Corporations, Bodies Corporate) via specialist insurance placement.

Regional players

• Austagencies Pty Ltd: Austagencies is Longitude's corporate parent and holds binding authority from Chubb Insurance Australia. It operates as a multi-product underwriting agency in Australia and provides the structural framework for Longitude's underwriting capacity.

Broad incumbents

• Allianz Australia: Allianz is a major Australian general insurer offering strata and body corporate cover as part of its broader commercial and personal lines portfolio. It competes for the same end customers through direct and broker channels and dwarfs Longitude in scale and capital.
• QBE Insurance Australia: QBE is one of Australia's largest general insurers and underwrites strata and commercial property business as part of a broad P&C portfolio. It represents an incumbent alternative for brokers placing strata business and competes on capacity and brand.
• Suncorp Insurance: Suncorp is a major Australian multi-line insurer offering home, motor, and commercial (including strata) cover through a broad agency and broker network. It shares the Australian property insurance space with Longitude and competes across segments.
• Marsh Australia: Marsh is a global insurance broker and risk advisor with a substantial Australian presence, placing commercial and strata cover for corporate and mid-market clients. It competes for the placement of strata schemes through its specialty practices and is comparable on broker-led commercial insurance distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/longitude-insurance-pty-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Longitude Insurance