CHU Expands Strata Insurance Capacity to $690 Million

Meeting the Growing Needs of Expanding Strata Properties

CHU Enhances Strata Insurance Capacity for Larger Developments?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

CHU, Australia's leading strata insurance underwriting agency, has significantly increased its capacity to underwrite individual strata risks, now offering coverage up to $690 million.

This substantial rise from the previous limit of $300 million is a strategic response to the evolving landscape of strata developments, which are becoming larger and more complex.

Kimberley Jonsson, CEO of CHU, highlighted the importance of this development, noting that the trend towards larger strata properties necessitates enhanced insurance solutions. By doubling its capacity, CHU aims to provide comprehensive coverage options for both residential and commercial strata developments, ensuring that property owners and managers have access to adequate protection.

This expansion allows CHU to independently offer quotes for larger risks and participate more substantially in co-insurance arrangements. The move is expected to introduce greater choice and flexibility for customers, addressing a previously underserved segment of the market.

In addition to increasing its underwriting capacity, CHU has introduced an indicative pricing feature designed to streamline the quoting process for brokers. This tool provides non-binding premium estimates, enabling brokers to assess potential costs before initiating a full underwriting assessment. The feature is part of CHU's commitment to enhancing efficiency and transparency within the strata insurance sector.

For strata property owners and managers, these developments signify a more robust and responsive insurance market. The increased capacity and improved tools offered by CHU are poised to meet the demands of larger strata developments, ensuring that comprehensive and competitive insurance solutions are readily available.

Published:Sunday, 21st Dec 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Insurance News

CHU Enhances Strata Insurance Capacity for Larger Developments

21 Dec 2025: Paige Estritori

CHU, Australia's leading strata insurance underwriting agency, has significantly increased its capacity to underwrite individual strata risks, now offering coverage up to $690 million. This substantial rise from the previous limit of $300 million is a strategic response to the evolving landscape of strata developments, which are becoming larger and more complex. - read more

ICA Advocates for Strata Law Reforms to Mitigate Rising Insurance Costs in Victoria

21 Dec 2025: Paige Estritori

The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, citing a direct link between inadequate governance and escalating insurance premiums for residents. With approximately one in five Victorians living in strata-titled properties, the need for effective management and oversight has become increasingly critical. - read more

Significant Reductions in Australian Construction Insurance Premiums

20 Dec 2025: Paige Estritori

The Australian construction insurance market has experienced a notable shift in 2025, with premiums decreasing across various lines due to intensified competition among insurers. According to Marsh's Construction Insurance Market Update 2025, the first half of the year saw average premium reductions ranging from 5% to 15%, marking a significant departure from the upward trend observed in 2024. - read more

Elevated Construction Costs Prompt Reassessment of Insurance Strategies

20 Dec 2025: Paige Estritori

Australia's construction sector continues to grapple with elevated cost pressures, prompting builders to reassess their insurance and risk management strategies. Gallagher reports that overall construction costs have increased by over 30%, influenced by supply chain disruptions, inflation, and labour shortages. - read more

South Australia Strengthens Homeowner Insurance Amid Rising Builder Insolvencies

20 Dec 2025: Paige Estritori

The South Australian Government has taken decisive action to bolster homeowner protection in response to a surge in builder insolvencies. Effective from 1 October 2025, the maximum insurance payout for homeowners will increase from $150,000 to $250,000. This measure aims to provide greater financial security to homeowners left with incomplete or defective properties due to builder failures. - read more

Click for more Insurance News

Car Insurance Articles

From Airbags to AI: The Future of Car Safety Technology

Car safety has come a long way since the early days of motoring. Initially, vehicles had minimal safety features, and accidents often led to severe injuries or fatalities. Over the years, technological advancements have significantly improved the safety of cars, making them much safer for drivers and passengers alike. - read more

Common Mistakes to Avoid When Filing a Car Insurance Claim

Filing a car insurance claim can be a complex and overwhelming task. Understanding the process is crucial to ensure that everything goes smoothly and you get the compensation you deserve. - read more

How Your Driving Habits Affect Your Car Insurance Premiums

Car insurance premiums are the amounts paid regularly to maintain an active car insurance policy. These payments can be made on a monthly, quarterly, or annual basis, depending on the terms agreed upon with your insurance provider. - read more

Car Insurance Savings: Tactics Aussies Can Use for Lowering Their Premiums

Car insurance is an essential aspect of vehicle ownership for Australians, providing financial protection in case of accidents, theft, and other unforeseen events. As with any form of insurance, the premiums you pay can vary widely, so understanding the factors that influence these costs is critical. - read more

Why Customisation Matters: Tailoring Car Insurance to Fit Your Needs

Car insurance customisation refers to the process of tailoring an insurance policy to fit the specific needs and circumstances of an individual driver or business. Unlike standard, one-size-fits-all policies, customised car insurance allows for the inclusion and exclusion of coverage options based on the unique requirements of the insured party. - read more

Knowledgebase

Grace Period:
A set amount of time after the premium is due during which a policyholder can make a payment without the insurance coverage lapsing.