Cohabit's New Digital Platform Revolutionises Strata Insurance Management

The platform's capabilities include benchmarking premiums and coverage against comparable buildings, tracking renewals and policy details, and providing access to expert guidance. By integrating live building data, Cohabit aims to demystify the traditionally opaque strata insurance market, enabling strata schemes to make more informed decisions regarding their insurance needs.

Eleni Svinos, Cohabit's Director of Insurance, highlighted the challenges faced by strata owners in understanding their insurance options. She emphasised that the platform brings the process into the digital age, combining live building data, benchmarking, and expert support to help strata schemes better understand the risks and costs associated with their buildings.

Currently, the platform hosts data from over 50,000 building profiles across Australia. CohabitInsurance is set to be rolled out to strata schemes, owners, and industry partners nationwide, with the goal of giving every building a digital identity that brings clarity to critical decisions, including insurance.

For strata property owners and investors, this development offers a more transparent and efficient approach to managing insurance, addressing common pain points such as uncertainty about coverage, rising premiums, and the complexity of comparing different policies. By leveraging technology and data, Cohabit's platform represents a significant step forward in empowering strata communities to navigate the insurance landscape with greater confidence and ease.