Risk Observer
"An ounce of prevention is worth a pound of cure" - Benjamin Franklin
In a time where insurance premiums continue to rise, the drive for sustainable action and data has become a key part of every business. Having the right partners and technology to support you is more important now than ever. Here at Prevent Risk, we believe we have a solution in our innovative Risk Observer box.
Case Studies
Find out how The Risk Observer has helped organisations
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The team behind The Risk Observer
Pilot & FAQ's
How to test the product, plus other information
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What is it?
The Risk Observer is a physical device that captures real-time data delivered into a Dashboard, converting raw data into intelligence, producing alerts and notifications based on changes in building operation or performance.
The Risk Observer can identify risk events, highlight potential energy savings, building optimisation and opportunities to enhance sustainability. The ‘box’ is small and easily installed by your facilities management team while we configure the bespoke software for you.
Why do commercial buildings need a 24/7 monitoring system?
Building Performance Evaluation1 was a UK Government funded study in 2016 that evaluated the building performance of more than 50 buildings throughout the country. In all buildings, it was found that carbon emissions were higher than the design specification and, in some cases, 10 times higher than the building evaluation report. Without real time data insights, you risk potential harm to your staff, expensive business interruptions, spiralling insurance costs, and being left behind on the sustainability journey.
The Risk Observer does the following:
- Provides a clear, near real-time dashboard on the building’s current performance for the facilities, operations and financial management teams to enhance both risk oversight and cost reduction.
- Issues can be detected in a proactive approach, helping to avoid catastrophic events through early intervention and risk mitigation.
- These efficiencies can reduce costs and further align the company with their long-term carbon reduction and ESG objectives.
What are the benefits?
- Underwrite and manage risk locations with real time data.
- Reduce insured losses with active risk mitigation and alerts.
- Improve energy consumption and costs to meet ESG objectives.
- Foster client partnership and engagement alongside risk transfer.
- Easy to implement with opportunities for future product development.
Who can benefit from the Risk Observer?
- Manufacturing
- Mining Facilities
- Metal Production
- Construction Sites and Facilities
- Food Processing
- Medical Facilities
- Printing and Publishing
- Agricultural Facilities
- Warehousing
- Retail
- Data Centres
- Offices
- Hotels or Campus Accommodation
- Educational Facilities
- Any other commercial building