StrataRatings, an independent ratings agency, has rated Strata Community Insurance “Platinum” for both its Residential and Commercial Strata products.
Their 2019 report focused on a series of questions evaluating policy conditions, claims, product availability, and features and benefits. The ratings are produced to assist Owners, Strata Managers and Brokers in selecting Residential and Commercial Strata products. StrataRatings recommend that in conjunction with other considerations – such as risk exposures, policy endorsements, policy limitations, excesses and price – the ratings provide a level of transparency and an understanding as to how a product will generally perform.
The ratings awarded Strata Community Insurance a Platinum Product status for both its Residential and Commercial Strata policies. Platinum Product status was only given to 3 policies in each category. Overall, 22 Residential Strata policies and 13 Commercial Strata policies were rated. Findings noted Strata Community Insurance as “a very strong performer with a solid fundamental structure and innovative coverage.”
Simon Plummer, Managing Director, StrataRatings stated that, “over a third of strata policies have been upgraded over the course of 2018 however, for the most part the fundamental foundations remained the same. Those receiving Platinum awards, did so by not just having comprehensive wordings but by having a strong structure that the wording is built off. A well-rated insurer, liberal distribution method and well-proportioned policy benefits are vital components and what sets these industry leaders apart.”
Paul Keating, Managing Director, Strata Community Insurance stated; “We are delighted to receive this independent endorsement and Platinum status from StrataRatings for the second consecutive year. With our Strength of Experience and the backing of the world’s largest property and casualty insurer; the Allianz Group, we are proud of our offering to the market.
This acknowledgement supports part of our strategic intent of building truly authentic and valued products for the strata industry. With the broadest cover available in the market, Strata Community Insurance is focused on driving innovation and transparency for the benefit of owners and their insurance intermediaries.”
About Strata Community Insurance
Strata Community Insurance provides specialist products and services to the Strata and Community Title sector. Strata Community Insurance is a privately-owned company partnering with the Allianz Group – the largest property and casualty insurer in the world.
Strata Community Insurance is a business founded, owned and staffed by a group of Australia’s most experienced strata insurance professionals. The founders have four decades of experience across six countries developing products and writing this form of insurance business.
Dealing exclusively in the strata insurance market, they understand the complexities of the sector and its governing legislation.
Contact Paul Keating – firstname.lastname@example.org
Strata Community Insurance