Body Corporate Brokers

What Body Corporate Brokers does

Body Corporate Brokers Pty Ltd (BCB) is Australia's largest specialist strata insurance broker, founded in 1996 and headquartered in Sydney. The company places insurance for strata schemes, owners corporations, landlords, and strata managers across all Australian states and territories, serving approximately 6,000+ strata scheme clients. BCB distributes insurance products through a multi-insurer panel comprising CHU, Axis, Chubb, Vero, QUS, Flex, Sure, Longitude, Strata Community Insurance, Hutch Underwriting, and Emergence Insurance, complemented by a dedicated in-house claims advocacy team and 24/7 emergency claims contact.

The company's product portfolio centers on Strata Insurance for body corporate schemes, with adjacent offerings in Landlord Insurance, Personal Cyber Protection Insurance, Business Insurance for Strata Managers, Build to Rent specialist cover, and Owner-Managed strata insurance. BCB's technology footprint is a web-based brokerage platform providing online quote requests, digital claims lodgement, and policy management tools — with no disclosed proprietary AI, API ecosystem, or platform integrations beyond standard web forms. Supporting services include Premium Funding as a cash-flow financing solution and Machinery Breakdown Insurance as an optional add-on.

BCB operates on a commission-based brokerage model, earning up to 20% of base premium (excluding government charges) from insurers for risk placement, disclosure, claims management, and professional advisory services, with secondary revenue from premium funding interest. The company is fully owned by Steadfast Group Limited, the largest insurance broker network in Australia (475 member brokers), granting it superior market access, exclusive products, and collective negotiating leverage. BCB employs 51-100 staff, holds Australian Financial Services Licence 244529, and is structured as Body Corporate Brokers Pty Ltd.

Name

Body Corporate Brokers

Legal name

Body Corporate Brokers Pty Ltd

Website

https://bcb.com.au

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Short description

Body Corporate Brokers is Australia's largest specialist strata insurance broker, placing insurance and providing claims advocacy for 6,000+ strata schemes, landlords, and owners corporations across all Australian states and territories. The firm is wholly owned by Steadfast Group Limited.

Ownership category

akta.pro rank

Headquarters

HQ city

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, Others

Revenue model

1. Insurance Brokerage Commissions: BCB earns commission from insurers for placing strata insurance policies. Commission is disclosed as up to 20% of the total base premium (excluding government charges) from insurers. This is a standard insurance brokerage model where the broker acts as intermediary between insurers and strata schemes/body corporates.
2. Premium Funding Services: BCB provides premium funding as a cash flow management solution, offering monthly payment options for insurance premiums ordinarily paid annually. This generates financing-related revenue through interest charges.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Body Corporate Brokers acts as a specialist insurance intermediary, arranging strata insurance and ancillary covers (landlord, cyber, business, build-to-rent) for body corporates, owners corporations, strata managers, landlords, and individual lot owners across Australia. The company earns commissions from partner insurers for placing policies and offers premium funding for cash-flow flexibility, supported by an in-house claims advocacy team.

Product overview

Body Corporate Brokers (BCB) operates as Australia's largest specialist strata insurance broker, offering a portfolio of insurance products designed for strata communities, landlords, and individuals. The core offering centers on Strata Insurance for body corporate schemes, complemented by Personal Cyber Protection Insurance, Landlords Insurance, Business Insurance for Strata Managers, and Build to Rent coverage. Supporting services include Premium Funding for flexible premium payments and Machinery Breakdown Insurance as an add-on for properties with mechanical equipment. The company acts as an insurance broker intermediary, arranging coverage through multiple insurance partner insurers including CHU, Axis, Chubb, Longitude, SCI, Vero, QUS, Flex, Sure Insurance, and Hutch Underwriting, while providing claims advocacy and management services. BCB is fully owned by the Steadfast Group Limited network.

Differentiator

Problem solved

Functional benefit

Products and services

• Strata Insurance

Quantifiable outcome

• BCB's dedicated claims team manages claims from start to finish with direct contact information for dedicated Claim Consultants.
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Strata Community Association (SCA) NationalminorStrategic or Co-development PartnerIndustry association partnership providing resources and education for strata communities across Australia.
• NIBA (National Insurance Brokers Association)minorStrategic or Co-development PartnerIndustry body membership demonstrating compliance with Insurance Broker's Code of Practice.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Coverforce Insurance Brokers: National Australian insurance broker network with property and strata segments. Comparable to BCB in scale, multi-state footprint, and target customer base, though less exclusively strata-focused.
• Honan Insurance Group: Australian specialty insurance broker with strong commercial property and strata-adjacent capabilities. Closely comparable to BCB as a mid-sized specialist broker with dedicated niche expertise rather than a generalist book.
• EBM Insurance Brokers: Australian specialty insurance broker serving commercial, strata, and community title clients. Comparable to BCB as another niche-focused broker competing for the same strata management and property-owner relationships.

Broad incumbents

• Marsh McLennan (Australia): Global insurance broker and risk advisor with significant Australian operations. Comparable to BCB as a competitor in commercial and strata property placement, particularly for institutional build-to-rent and large body corporates, but with much broader portfolio scope.
• Austbrokers: Australian network of affiliated insurance brokers now operating under the Steadfast Group banner. Comparable to BCB as a sibling broker within Steadfast and a competitor for the same strata and property-owner book of business.
• Aon plc (Australia): Global insurance and reinsurance broker with a major Australian presence serving large commercial accounts including property and strata. Comparable as a competitor for strata placements at the upper end of the market, though Aon is a broad incumbent with global scale.
• Arthur J. Gallagher & Co. (Australia): Global insurance broker with a substantial Australian operation covering commercial property, strata, and real estate. Comparable to BCB as a competing placement channel for strata managers, but operates as a broad-line incumbent rather than a strata specialist.

Others

• Strata Community Insurance (SCI): Specialist strata and community-association insurance underwriter operating in Australia. Comparable to BCB as a strata-focused insurance ecosystem participant and a BCB partner; not a direct brokerage competitor but a structural element of the strata placement market.
• CHU Underwriting: Specialist Australian strata and community-title insurance underwriter. Comparable to BCB as the dominant strata carrier in its distribution panel and a partner insurer; not a direct brokerage competitor but a key ecosystem participant shaping BCB's placement economics.

Emerging players

• Ansvar Insurance: Australian specialist insurer focused on community, strata, and not-for-profit risks. Comparable to BCB as a counterpart in the strata ecosystem, but on the underwriting rather than broking side of the value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/body-corporate-brokers

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 Body Corporate Brokers