Allianz has entered into a new strategic venture with Strata Community Insurance in a bid to expand its presence in the strata insurance market.

SCI will work with Allianz, its brokers, business partners and strategic managers to implement the initiative.

Allianz Australia national manager of underwriting agencies, Brett Williams said: “Allianz has a strategic desire to be well represented in this growing market segment and believes that Strata Community Insurance is the right partner to deliver both a comprehensive offering to the strata market and meet our overall strategic aims.

“Strata Community Insurance will work closely with Allianz, our current brokers, One Allianz partners and the strata managers in implementing this important strategic initiative.”

Collectively Strata Community Insurance founders have four decades of experience, developing products and writing this form of insurance business through a variety of distribution channels across six countries.