Axis Underwriting Services building insurance: what each policy covers, and who underwrites it
3 building policies from Axis Underwriting Services. For each: whether flood and accidental damage are covered, and what happens once the building is left empty, with the sentence from its own documents. Underwritten by XL Insurance Company SE.
- Website
- axisunderwriting.com.au/
- What it is
- Underwriting agency
- Listed on
- Apartment and unit buildings (strata)
- Underwriter
- XL Insurance Company SE
- APRA
- Authorised by APRA to write new general insurance (listed as XL Insurance Company SE)
- Sold by
- Axis Underwriting Services Pty Ltd · AFSL 236650
Building policies
Axis Residential Strata Insurance Policy
- Type
- Residential strata · Residential
- Sold
- Through a broker
- Flood
- Optional extra
- Accidental damage
- Included
- Left empty
- No cover after 90 days (a few events excepted). Still covered: lightning, thunderbolt, impact, earthquake. You must tell the insurer. Only when the property is totally unoccupied (including empty or untenanted), counted from when last occupied. Unless you told Axis and it agreed in writing.
- Who it is for
- Owners corporations / body corporates where the strata property is predominantly residential (not where commercial occupancy is over 20% of floor space or over 50% of lots are short-stay).
- Documents
- Residential Strata Policy 082026 (from 1 August 2026) (1 August 2026) · Residential Strata TMD (1 September 2026) (1 September 2026)
- Underwriter for this product: XL Insurance Company SE, Australia Branch (ABN 36 083 570 441) per the PDS.
The policy
“The Axis Residential Strata insurance policy is rich in features and benefits and will help brokers provide quality insurance solutions for registered Residential Strata properties.”
Source: axisunderwriting.com.au/risk-appetite/residential-strata/ · Confirmed on the insurer's page on 13 November 2026.
Underwriter
“The Policy is underwritten by XL Insurance Company SE, Australia Branch, ABN 36 083 570 441”
Source: axisunderwriting.com.au/wp-content/uploads/2026/05/AXISRESPOL-082026.pdf · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“As with all Axis products the Residential Strata product is only available through brokers.”
Source: axisunderwriting.com.au/risk-appetite/residential-strata/ · Confirmed on the insurer's page on 13 November 2026.
Flood
“It also includes optional covers for Floating Floors, Loss of Market Value, Catastrophe Cover and Flood.”
Source: axisunderwriting.com.au/wp-content/uploads/2026/05/AXISRESPOL-082026.pdf · Confirmed on the insurer's page on 13 November 2026.
Accidental damage
“This Section covers You against accidental Loss or Damage to Your Building”
Source: axisunderwriting.com.au/wp-content/uploads/2026/05/AXISRESPOL-082026.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“If You do not do so, the cover under Your Policy is limited to damage caused by lightning, thunderbolt, impact and earthquake for the period in excess of 90 consecutive days during which You have left the property totally Unoccupied.”
Source: axisunderwriting.com.au/wp-content/uploads/2026/05/AXISRESPOL-082026.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“where the strata property is predominantly residential”
Source: axisunderwriting.com.au/wp-content/uploads/2026/09/Axis-Residential-Strata-TMD-01.09.2026.pdf · Confirmed on the insurer's page on 13 November 2026.
Axis Commercial Strata Insurance Policy
- Type
- Commercial strata · Commercial
- Sold
- Through a broker
- Underwriter
- Lloyd's underwriters and HDI Global Specialty SE and Lancashire Underwriting Australia Pty Ltd
- Flood
- Not stated
- Accidental damage
- Not stated
- Left empty
- Not stated.
- Who it is for
- Owners corporations / body corporates of premises primarily used for commercial purposes (factories, showrooms, retail shops, offices) or a mix of commercial and residential units.
- Documents
- Commercial Strata Policy v1.2024 · Commercial Strata TMD (3 September 2026) (3 September 2026)
- Underwriters per TMD: certain underwriters at Lloyd's, HDI Global Specialty - Australia and Lancashire Underwriting Australia Pty Ltd. Buildings mainly residential with some commercial tenants are insured under Axis's separate AXL policy (XL Insurance Company SE), listed as its own product.
The policy
“This TMD identifies the customers within the target market for the Axis Commercial Strata Insurance Policy.”
Source: axisunderwriting.com.au/wp-content/uploads/2026/09/Axis-Comm-Strata-TMD-03092026.pdf · Confirmed on the insurer's page on 13 November 2026.
Underwriter
“Axis Underwriting Services Pty Ltd (ABN 51 090 508 142 & AFSL 236650) acts under a binding authority as agent for the insurer (Certain Underwriters at Lloyd’s and HDI Global Specialty – Australia and Lancashire Underwriting Australia Pty Ltd) of this product.”
Source: axisunderwriting.com.au/wp-content/uploads/2026/09/Axis-Comm-Strata-TMD-03092026.pdf · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“Is only offered to/ via licensed insurance brokers”
Source: axisunderwriting.com.au/wp-content/uploads/2026/09/Axis-Comm-Strata-TMD-03092026.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Owners Corporation/ Body Corporate premises that are primarily used for commercial purposes including commercial/ industrial factories, showrooms, retail shops, offices or a mix of commercial and residential units”
Source: axisunderwriting.com.au/wp-content/uploads/2026/09/Axis-Comm-Strata-TMD-03092026.pdf · Confirmed on the insurer's page on 13 November 2026.
Axis Commercial Strata Insurance Policy (AXL, mixed tenancy)
- Type
- Commercial strata · Commercial
- Sold
- Through a broker
- Flood
- Not stated
- Accidental damage
- Not stated
- Left empty
- No cover after 90 days (a few events excepted). Still covered: lightning, thunderbolt, impact, earthquake. You must tell the insurer. Only when the property is totally unoccupied, counted from when last occupied; unless agreed in writing.
- Who it is for
- Owners corporations / body corporates of premises primarily used for residential purposes but also occupied by commercial tenants (showrooms, retail shops, offices, gyms, hairdressers and the like).
- Documents
- Commercial Strata (mixed tenancy, AXL) policy Feb 2024 (1 February 2024) · Commercial Strata AXL TMD (2 September 2026) (2 September 2026)
- Underwriter for this product: XL Insurance Company SE, Australia Branch (ABN 36 083 570 441) per its TMD.
The policy
“relates to the Axis Commercial Strata Insurance Policy & PDS (Axis Comm Strata Policy AXL v1.2024)”
Source: axisunderwriting.com.au/wp-content/uploads/2026/09/Axis-Comm-Strata-AXL-TMD_02Sep26.pdf · Confirmed on the insurer's page on 13 November 2026.
Underwriter
“acts under a binding authority as agent for the insurer XL Insurance Company SE, Australia Branch (ABN 36 083 570 441) of this product.”
Source: axisunderwriting.com.au/wp-content/uploads/2026/09/Axis-Comm-Strata-AXL-TMD_02Sep26.pdf · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“Is only offered to/ via licensed insurance brokers”
Source: axisunderwriting.com.au/wp-content/uploads/2026/09/Axis-Comm-Strata-AXL-TMD_02Sep26.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“If You do not do so, the cover under Your Policy is limited to damage caused by lightning, thunderbolt, impact and earthquake for the period in excess of 90 consecutive days during which You have left the property totally Unoccupied.”
Source: axisunderwriting.com.au/wp-content/uploads/2024/05/AXIS_Commercial-Strata-Policy_Feb-2024.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“primarily used for residential purposes but also occupied by commercial tenants including showrooms, retail shops, offices or commercial operations such as fitness gyms, hairdressers, newsagents and the similar tenants”
Source: axisunderwriting.com.au/wp-content/uploads/2026/09/Axis-Comm-Strata-AXL-TMD_02Sep26.pdf · Confirmed on the insurer's page on 13 November 2026.
Who underwrites and sells it
Underwriter
“The Policy is underwritten by XL Insurance Company SE, Australia Branch, ABN 36 083 570 441”
Source: axisunderwriting.com.au/wp-content/uploads/2026/05/AXISRESPOL-082026.pdf · Confirmed on the insurer's page on 13 November 2026.
XL Insurance Company SE: licence
The underwriter's licence number is not given in the documents read for this page.
Distributor's licence
- AFS licence
- 236650 · AXIS UNDERWRITING SERVICES PTY LTD
- ABN
- 51090508142
- Licensed since
- 12 January 2004
- Principal business
- Melbourne VIC 3000
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
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