Strata Community Insurance

What Strata Community Insurance does

Strata Community Insurance (SCI; legal entity Strata Community Insurance Agencies Pty Ltd) is an Australian underwriting agency, founded in 2014 and headquartered in North Sydney, NSW, that specializes exclusively in strata insurance products. The company serves residential strata schemes (apartment buildings, unit complexes, townhouse developments), commercial strata (office buildings, retail complexes, mixed-use properties), and community associations/neighbourhood bodies corporate, in addition to offering Workers Compensation as a statutory add-on. SCI's insurance products are underwritten by Allianz Australia Insurance Limited (part of the global Allianz Group), while SCI itself focuses on product design, distribution, and claims service; it claims presence in all major Australian capital cities and reports insuring almost 500,000 units across the country.

The company's core operating technology consists of an online insurance platform and a proprietary SCI Portal that enables strata managers and insurance brokers to quote, bind, and administer policies, paired with a 24/7 online claims lodgement experience backed by an Australian-based claims team. The product portfolio comprises three core lines — Residential Strata, Commercial Strata, and Community Association — built around configurable building, common-property, public-liability, voluntary workers, and fidelity guarantee cover, with the April 2026 PDS update adding a new Cyber Response Costs benefit, expanded building definition (EV chargers, solar panels, volumetric lots), and storm surge coverage for cyclone events.

Commercially, SCI generates revenue from underwriting-agency commissions and fees on annual strata insurance premiums (annual billing cadence, subscription-style recurring revenue) distributed via two channels: direct online sales through its website and a channel-partner model via strata managers and brokers using the SCI Portal. It also pursues industry positioning through alliances with the Underwriting Agencies Council, the Strata Community Association, UNSW City Futures, Deakin Business School, the Multi Owned Properties Research Hub, and state REI chapters, and holds AFSL 457787, ABN 72 165 914 009, and compliance with the General Insurance Code of Practice.

Name

Strata Community Insurance

Legal name

Strata Community Insurance Agencies Pty Ltd

Website

https://stratacommunityinsure.com.au

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

Strata Community Insurance is an Australian underwriting agency that specializes exclusively in strata insurance — residential, commercial, and community association — distributing through strata managers and brokers via its SCI Portal and direct online channels, with policies underwritten by Allianz Australia.

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

Revenue model

1. Strata Insurance Premiums: Strata insurance products generate premium revenue on an annual subscription basis, with policy renewals representing recurring revenue streams. Customers pay annual premiums for coverage.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Strata Community Insurance is an Australian underwriting agency that sells strata-specific insurance products — Residential Strata, Commercial Strata, and Community Association cover, plus Workers Compensation — to owners corporations, body corporates, community associations, and via strata managers and brokers. Policies are underwritten by Allianz Australia Insurance Limited and distributed directly online and through a partner portal.

Product overview

Strata Community Insurance offers a portfolio of three core strata insurance products: Residential Strata Insurance for owners corporations covering apartment buildings, unit complexes, and townhouse developments; Commercial Strata Insurance for commercial schemes including office buildings and retail complexes; and Community Association Insurance for community associations and body corporate arrangements. Additionally, Workers Compensation coverage is available as a separate policy for eligible strata communities. Insurance products are underwritten by Allianz Australia Insurance Limited and distributed through the SCI Portal for strata managers and brokers.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Strata Insurance Comprehensive strata insurance coverage tailored to owners corporations and body corporates of apartment buildings, unit complexes, townhouse developments, and mixed-use residential properties, including building insurance, common property cover, public liability, voluntary workers cover, and fidelity guarantee. Underwritten by Allianz Australia Insurance Limited.
• Commercial Strata Insurance Specialist insurance designed for commercial strata schemes including office buildings, retail complexes and commercial developments including mixed-use properties, covering commercial building insurance, business interruption, and public liability for commercial premises. Underwritten by Allianz Australia Insurance Limited.
• Community Association Insurance Comprehensive insurance solutions for community associations, neighbourhood associations, and body corporate arrangements governing broader community developments, covering common property including roads, parks, recreational facilities and shared amenities. Underwritten by Allianz Australia Insurance Limited.
• Workers Compensation Insurance Legal liability coverage under applicable workers compensation legislation for eligible strata communities where cover is selected, available as a separate policy alongside SCI's strata insurance products.

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Allianz Australia Insurance LimitedcoreStrategic or Co-development PartnerPartnership with Allianz Australia Insurance Limited, part of the global Allianz Group, provides the backing for SCI's insurance products. This partnership gives SCI access to Allianz's financial strength, global insurance expertise, and underwriting capabilities while maintaining SCI's focus on Australian strata communities.
• Underwriting Agencies Council (UAC)coreStrategic or Co-development PartnerSCI is a member of UAC, supporting initiatives that monitor and develop positions on insurance regulation affecting underwriting agencies, represent interests with regulatory and government bodies, and promote underwriting agencies as an economically efficient means of insurance distribution.
• Strata Community Association (SCA)coreStrategic or Co-development PartnerSCI works closely with SCA on national advocacy efforts that strengthen the entire strata ecosystem. The partnership focuses on industry advocacy and representing strata community interests at government and regulatory levels.
• UNSW City Futures Research CentreminorStrategic or Co-development PartnerSCI supports UNSW's City Futures Research Centre projects, contributing to evidence-based research on strata sector trends, challenges, insurance market dynamics, and community resilience strategies that inform policy development and industry best practices.
• Deakin Business SchoolminorStrategic or Co-development PartnerSCI partners with Deakin Business School on research initiatives related to strata sector trends, risk management innovations, and insurance market dynamics, supporting academic research that informs the industry.
• REI State ChaptersminorStrategic or Co-development PartnerSCI sponsors and partners with Real Estate Institute state chapters, supporting industry body activities and research initiatives across different Australian states.
• Multi Owned Properties Research HubminorStrategic or Co-development PartnerSCI supports the Multi Owned Properties Research Hub, collaborating on research initiatives focused on strata and multi-owned property sector challenges, risk management, and community resilience.
• Dr Nicole JohnstonminorStrategic or Co-development PartnerSCI collaborates with Dr Nicole Johnston, a leading researcher, supporting evidence-based research on strata sector trends, insurance market dynamics, risk management innovations, and community resilience strategies for policy development.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Honan Insurance Group: Australian specialty insurance broker with a dedicated strata practice (including SUU). Comparable to SCI as a specialist intermediary serving strata managers, brokers and owners corporations across commercial and residential schemes.
• CHU Underwriting Agencies: Australia's largest strata-titled insurance specialist, providing residential, commercial and community scheme coverage through a broker and strata-manager distribution model. Directly comparable to SCI in product focus, channel strategy and target customer.
• Strata Unit Underwriters (SUU): Specialist strata insurance underwriting agency in Australia, offering residential and commercial strata cover distributed through brokers. Closely comparable to SCI in niche focus and underwriting-agency structure.

Broad incumbents

• Suncorp Group (Vero): Major Australian general insurer with commercial strata and body-corporate offerings under the Vero brand, distributed through brokers. Comparable as a large diversified P&C carrier active in the strata niche SCI specializes in.
• QBE Insurance Australia: Major Australian general insurer offering commercial and strata property products through broker channels. Comparable as a large P&C underwriter active in the strata segment, though not strata-specialist.
• Insurance Australia Group (IAG): Parent of NRMA, CGU and WFI, offering commercial and strata property cover through broker and direct channels. Comparable as a broad incumbent in the same Australian P&C market that SCI addresses via its specialist strata focus.
• Hollard Insurance Australia: Australian multi-carrier insurance group with specialty and commercial property offerings including strata exposure via partner underwriting agencies. Comparable as a broad incumbent operating in adjacent parts of the strata value chain.
• Aon Australia: One of Australia's largest insurance brokers, advising strata managers, owners corporations and property developers on P&C placements including strata insurance. Comparable as a major intermediary competing for the same broker-distributed strata risk.
• Allianz Australia Insurance Limited: One of Australia's largest general insurers and SCI's sole underwriting partner. Comparable as a broad P&C incumbent that underwrites strata directly and through partners, overlapping with SCI's risk pool but operating at much larger scale.
• Marsh Australia: Global insurance broker and risk advisor with a substantial Australian practice placing commercial and strata property cover for corporate and real estate clients. Comparable as a major broker counterpart for the same strata customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/StrataCommunityInsurance
• LinkedInau.linkedin.com/company/strata-community-insurance
• Instagraminstagram.com/stratacommunityinsurance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Strata Community Insurance