The word from Lockton as they launch a toolkit to manage and monitor building risks;
Lockton, the world’s largest independent insurance broker, announces the launch of Asset Connect, a risk and building optimisation data service that supports real estate owners, property managers and operators in tracking the operational efficiency of their buildings and mitigating future risk. The plug-and-play device utilises observer technology installed into the Building Management System (BMS) to securely extract data that is mapped into the Asset Connect dashboard.
Designed to track operational risks such as water leaks, air quality, fire hazards, Heating, Ventilation, and Air Conditioning (HVAC), and PV panel failures, Asset Connect empowers users to make proactive, data-informed maintenance decisions. In doing so, it can help reduce insurance claims, optimise energy efficiency, and extend the lifespan of key assets.
With ESG requirements becoming increasingly stringent and anticipated changes to Minimum Energy Efficiency Standards (MEES) legislation on the horizon, landlords face growing responsibility to ensure building compliance, which is where Asset Connect provides greater insight and support through improved metrics and visibility.
Applicable across the built environment
Where a modern BMS is in place, Asset Connect can integrate seamlessly with buildings of almost any type. By acting on Asset Connect insights, asset owners, landlords, developers and facilities managers can reduce the occurrence and severity of insurance claims. The platform enables this by analysing the performance of key equipment and facilitating more data-driven operational decisions.
All data is presented in a personalised dashboard, allowing sites, systems, and risks to be monitored and benchmarked driving better insurance negotiations and results. Asset Connect incorporates specialist hardware with robust security measures, including encryption and authentication protocols, ensuring a reliable system performance.
Mark Rose, Partner and Head of Real Estate at Lockton Companies LLP said: “The launch of Asset Connect reflects our continual investment in innovation to better support our clients. Our team have worked in collaboration with sector specialists and clients to understand what is required to streamline operations and deliver a unique digital platform that supports clients to better understand their buildings and potential risk profile to insurers. We see Asset Connect as a transformational next step in continuing Lockton’s client-centric approach, creating digital solutions that answer the problems of today, as well as potential challenges of the future.”
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