CHU More Than Doubles Strata Insurance Capacity

This expansion applies to CHU's strata insurance policies across both residential and commercial properties, encompassing all property-related sections under a single policy, including insured property, catastrophe cover, and lot owners' fixtures and improvements.

Kimberley Jonsson, CEO of CHU, highlighted the importance of this development: "We are seeing a sustained trend in strata developments becoming bigger, both in size and unit volume, so the opportunity to provide insurance to more customers living in strata is an exciting and important prospect."

The increased capacity enables CHU to independently offer quotes for higher-value risks and participate more substantially in co-insurance arrangements when necessary. This move is expected to provide greater flexibility and choice for customers, particularly those involved in large-scale strata projects.

By enhancing its capacity, CHU aims to meet the growing scale and complexity of modern strata buildings, ensuring that property owners and developers have access to comprehensive insurance solutions tailored to their needs.