2025 Strata Insurance Ratings reveal a tiny market place

The recent 2025 Strata Rating’s Report about Australian strata building insurance policies, which says it’s an independent rating agency, aiming to provide the highest quality generalised product ratings for strata consumers.

It’s a pay-only report [which is becoming increasingly common], so we won’t reveal too about the ratings themselves.

Instead, here are a few interesting snapshots about Australian strata insurance concentration that are revealed by the basic facts in the report.

• There’s only 18 different residential strata building insurance policies in Australia.

• There’s only 9 different commercial/industrial strata building insurance policies in Australia.

• At least 5 of those insurance policies have very limited market capacity and exposure.

• Those 27 insurance policies are sourced from only 8 insurers or insurer/underwriter groups.

• 8 of those insurance policies are sourced from Lloyds underwriter consortia.

So, Australian strata consumers are effectively left with 7 mainstream insurers offering less than 20 potential insurance policy choices. And, in practical terms that means only 3 or 4 policy choices for most strata building types or locations.

That’s hardly a dynamic and competitive marketplace.

You can find and buy the 2025 Strata Ratings report here to find out more and see their ratings.