John Trowbridge

Independent review of strata insurance practices

The release of an independent consultation paper in March 2022 took a look at the disclosure practices of intermediaries with the intention to overcome the limited understanding by lot owners and their strata committees of current strata practices.

The second phase of the review will consider possible reforms to remuneration, and other intermediary practices. The third phase will discuss competition, affordability and the availability of strata insurance.

About the author

John Trowbridge has a distinguished career as an actuary, consultant, executive, company director and regulator, working mainly in financial services with an emphasis on insurance-related businesses.

He founded Trowbridge Consulting in the 1980s, becoming a leading actuarial and management consulting firm in Australia and Asia, specialising in insurance and merging with Deloitte in 2000.

John has held senior executive positions at QBE and Suncorp and, from 2006 to 2010, he was the APRA Member for insurance. He chaired the Australian Government’s review of natural disaster insurance following the 2011 floods and in 2015 he chaired an industry working group to recommend reforms in the life insurance industry which came into effect in 2018. He was co-author of a review in 2019 for the RBNZ of lessons from the failure of CBL Insurance in NZ.

In 2021, John conducted an independent strategic review for the Insurance Council on the affordability and availability of commercial lines of insurance in Australia.