Pulse BPI and Lockton Australia announce strategic partnership to transform building risk management across Australia's Strata Sector.
Lockton, the world's largest privately owned insurance brokerage partners with Pulse BPI, to address some of the most significant challenges facing Australia's strata industry.
The partnership brings together Pulse BPI's innovative tech ecosystem with Lockton's global risk advisory and insurance expertise to help strata managers, owners committees, residents and insurers improve building transparency, reduce risk exposure, enhance compliance and support more sustainable insurance outcomes.
Australia's strata sector is facing increasing pressure from rising insurance premiums, building defects, compliance obligations, fragmented building information and growing regulatory requirements. Many stakeholders continue to operate without access to a single, reliable source of truth regarding the condition, compliance status and risk profile of their buildings.
The Pulse BPI and Lockton partnership seeks to change this.
Solving an Industry-Wide Challenge
The Pulse BPI platform creates a secure continuously evolving digital identity for every building, that sets a standard for management, quality and sustainability.
"Australia's strata industry is at a critical inflection point. Stakeholders need better visibility, better data and better tools to manage increasingly complex building risks. Through our partnership with Lockton, we are bringing together technology, risk expertise and industry leadership to help reshape how buildings are managed and protected."
Michael Lee, Co Founder of Pulse BPI
By creating a dynamic digital record of a building's lifecycle, stakeholders gain greater visibility into risks, compliance obligations and maintenance requirements. Enabling more informed decision-making, improved risk management and better performance outcomes.
Delivering Greater Confidence for Strata Stakeholders
The strategic alliance is designed to create measurable improvements for all stakeholders within the strata ecosystem.
For Strata Managers, it provides streamlined access to insurance and building information, reducing administrative burden while supporting governance, compliance and reporting requirements.
For Owners Committees and Owners, the platform delivers greater transparency and confidence in building management decisions, helping protect asset values and support long-term capital planning.
For Residents, the initiative promotes safer, better-managed buildings through improved visibility of maintenance, communications and livability.
For Insurers and Brokers, access to more comprehensive building intelligence can assist in understanding risk profiles, supporting underwriting decisions and encouraging proactive risk mitigation strategies.
Building a Smarter, More Resilient Strata Industry
The partnership aligns with growing industry demands for greater building transparency, risk accountability and data-driven decision making.
As insurance markets continue to respond to increasing claims costs, natural catastrophe exposure, building defects and regulatory reforms, the need for accurate building intelligence has never been greater.
Pulse BPI and Lockton believe that improving access to reliable building information can help support a more resilient strata sector while encouraging better risk management practices across the industry.
