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A data driven holistic understanding of strata insurance

In response to increased attention on strata insurance affordability and availability, regulation and the role of strata managers in strata insurance, SCA identified a need for a comprehensive, data-driven report detailing strata insurance in Australia and New Zealand,

 

SCA commissioned Dr Nicole Johnston, Senior Lecturer in the Department of Finance at Deakin Business School, to produce an industry-first report providing in-depth social and economic analysis of the strata industry. The purpose of the report is to aid consumers, governments, and the broader community in understanding key elements of the industry, and inform SCA’s advocacy platform for shaping the future of the industry.

 

The report, A data-driven holistic understanding of strata insurance in Australia in New Zealand, was launched 7 September 2021 and is available for download.

Report Cover.jpg

Key Links

A Snapshot of the Report

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The Road Ahead: A Data-Driven Approach to the Strata Insurance Industry

SCA Episode 4
04:31

SCA Episode 4

The final episode of our strata insurance series is here! Andrew Davidson from Noosa District Body Corporate Management spoke with Alisha Fisher about one of the most pertinent issues impacting the strata insurance sector; affordability and accessibility. Using Queensland as a case study, Andrew shares his experiences and outlines the effect the state's volatile climatic conditions have had on insurance product pricing and access. If you've enjoyed the series, head to our website to watch it again or learn more about the work underway to create a secure, long-term strata insurance industry for our members.
SCA Episode 3
05:18

SCA Episode 3

We are pleased to release Finding the Right Model, Episode 3 of our video series breaking down the strata insurance industry. Strata Community Association President, Andrew Chambers, joins host Alisha Fisher to discuss the need to take a consumer centric approach to strata insurance. It's an informative discussion that provides useful insight into the industry, as well as the work underway by Strata Community Association in advocating on behalf of our members for a fairer and more equitable approach.
SCA Episode 2
06:31

SCA Episode 2

Episode 2 of our video series is now live! Alisha Fisher is joined by Alistair Gibney of Body Corporate Brokers and Kimberley Jonsson of CHU Underwriting Agencies Pty Ltd to discuss how a collaborative approach to the supply chain is in the best interest of clients. Together, they break down the disruptive forces creating complexity in an already complex product, and how the market can evolve to foster better outcomes for all.
SCA Episode 1
04:04

SCA Episode 1

An increase in regulatory focus on strata insurance has made it clear there are significant knowledge gaps within the community, and the industry itself, regarding the role of strata insurance and the valuable role strata managers play in its supply chain. This is the first in a series of videos where Strata Community Association CEO, Alisha Fisher will sit down with key players from the strata management and insurance industry to discuss the current state of play and road ahead for the delivery of strata insurance in Australia. In this episode, Alisha welcomes Dr Nicole Johnston from Deakin University, author of the soon-to-be-released report 'A data-driven holistic understanding of strata insurance'.
Strata insurance service delivery models
01:45

Strata insurance service delivery models

Strata insurance service delivery models; do you know what they are, and why they operate the way they do? This short video provides an overview of the purposes strata insurance service models serve, and how they are understood and received by the sector. At Strata Community Association, we know there is no one size fits all model. Therefore, we advocate on behalf of our members for consumer choice, transparency and disclosure to improve consumer protection in the delivery of strata insurance services.

Media Mentions

  • South Western Times

  • Midwest Times

  • Pilbara News

  • Manjimup Bridgetown Times

  • Great Southern Herald

  • Broome Advertiser

  • Several more publications

  • ABC Regional Queensland Drive – Interview with James Nickless, SCA (Qld) President. Interview was played simultaneously across:

  • ABC Tropical North Interview with James Nickless, SCA (Qld) President

  • ABC Kimberley– Interview with Andrew Chambers, SCA National President

  • The Cairns Post – Paywall article

  • Townsville Bulletin – paywell, no link

  • Courier Mail – paywall no link

SCA Strata Insurance Taskforce

To demonstrate how the strata industry works, the value strata managers bring to insurance for strata complexes and to develop a strong industry position on strata insurance to advocate for a sustainable future, SCA has established a strata insurance taskforce.

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The SCA Strata Insurance Taskforce brings together the strata management, insurance and broking industries with representation from across Australasia and from small, medium and large strata businesses.

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It is chaired by Greg Nash. Other members include: 

 

For all enquiries relating to the strata insurance report and SCA’s advocacy please email:

media@strata.community

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