Flex launches Complex Strata Insurance to mark its 6th Anniversary

On its 6th anniversary Flex is proud to announce the launch of Flex Complex Strata Insurance, a custom product designed for strata buildings with complex risk factors.

The new Flex Complex addresses a significant gap in the market with strata insurance for customers experiencing difficulties sourcing cover for complex risks. This includes schemes with high-risk occupancies, buildings with cladding issues or structural defects, and properties located in alpine regions.

“The launch of Flex Complex represents the next step in our commitment to supporting all Australian strata communities, and a powerful demonstration of our technical expertise,” said Frank Scamarcia, General Manager, Flex. 

“Many buildings across Australia face challenges obtaining insurance due to unique circumstances or locations. Flex Complex offers insurance protection for those buildings that would otherwise struggle to secure mandatory strata insurance.”

As a specialised insurance product, Flex Complex is available through select insurance brokers for residential, commercial and mixed-use strata buildings with a total sum insured $25 million and below that meet strict eligibility criteria and disclosure requirements.

Flex Complex is supported by a dedicated underwriting team with a deep understanding of strata risks and specialist strata claims team.

Flex makes insurance more accessible for Australian strata communities with a modular, customisable cover designed with fairness in mind. It focuses on technical excellence in strata insurance by offering flexible policies, leveraging digital platforms like StrataTech for 24/7 quotes and renewals.