Post by Suncorp Group

Suncorp Insurer Vero has announced the launch of Intermediated Residential Strata, a purpose-built insurance solution designed to meet growing broker demand and address long-standing challenges in the strata market. The product launches first in Far North Queensland and Darwin, with a phased national rollout planned over the coming months. Michael Miller, Vero's Chief Executive Commercial & Personal Injury, says the product reflects a clear shift in market expectations. "Brokers have been seeking a strata model that offers more choice and confidence for their clients. We have built this from the ground-up to offer a tailor-made solution that suits the needs of the modern strata market," Mr Miller said. The product supports the full spectrum of strata risks, from low-complexity buildings through to large, technically complex properties, supported by consistent underwriting and dedicated claims capability aligned to strata-specific expectations. The product is the latest milestone in VSL's phased product rollout, which targets approximately ten new products in the market by 2028. Learn more about Vero’s Intermediated Residential Strata product: https://lnkd.in/gAs3xcmB #Vero #StrataInsurance #Brokers #VeroSpecialtyLines