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Ansvar Insurance, Australia’s leading insurance provider for the Care, Community, Education, Faith, Heritage and now Property Strata, today announced a partnership with CSI Strata Underwriting to offer insurance solutions to strata communities across most of Australia, launching Ansvar into a new business sector.
Ansvar currently offers risk solutions to many properties in the heritage and community sectors, so the venture into the property strata market is a natural evolution of Ansvar’s offering and a logical extension of existing capabilities. Ansvar’s entry into the property strata sector aligns with the strategies of Ansvar’s UK parent, the Ecclesiastical Insurance Group, and the Group’s strength in providing risk management solutions for property investors.
“The strata sector is one of the fastest growing sectors in Australia. Ansvar’s strengths in providing the most robust risk and insurance solutions to properties in other sectors makes the strata community a logical addition to the Ansvar portfolio,” said Warren Hutcheon CEO Ansvar.
CSI Strata Underwriting is an underwriting agency currently servicing over 120 strata insurance brokers. “What better partner for Ansvar than CSI, who have a formidable footprint in this country and whose sole focus is strata insurance. We’re confident this partnership will help us on our journey to fulfill our vision for this new sector,” Warren said.
John Lillie, General Manager, CSI Strata Underwriting, said “Ansvar’s reputation for protecting community-based organisations is second to none. We are pleased to have this additional facility so that we can offer Australian strata communities in larger strata schemes the knowledge and security that their insurance is placed with a reputable and community-oriented insurer like Ansvar.”
“With Ansvar’s vast experience and strengths, this new partnership means we can offer our support to strata brokers nationwide by providing broader cover with higher limits, to meet legal obligations and the practical needs of protecting property,” John said.
The partnership between CSI and Ansvar was formalized last week, with the Ansvar underwritten product available through CSI from 8th April 2016.