In Episode 5 of The Strata Room, I sit down with Paul Keating, Managing Director at Strata Community Insurance, for a straight-talking conversation on what strata insurance actually means for committees, owners and building managers.
Paul has spent over 20 years in the industry, holding Australasian roles at some of Australia's largest insurers before building Strata Community Insurance from the ground up.
We get into why premiums have been going up, what's driving cost at a global reinsurance level, and the commission and transparency debate, including why the NSW government stepped in and Paul's balanced take on fee for service versus commission models. He also explains how building managers actively lower a building's insurance risk profile, and shares the one thing committees can do right now to get better premiums: have a clear story for their building, back it up with evidence, and follow through on their commitments.
Honest, direct, and exactly what this industry needs more of.
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