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Property Risk Platform

Novem — Digital Risk Platform for Institutional Real Estate

Novem helps institutional real estate leaders predict building failures early to reduce risk and insurance costs and support stronger asset value.

Estimate Your Savings Book a Demo
7.2MBuildings analyzed
30%Better capital IRR
1–3yrPayback period

The Problem

You are paying for failures you could have prevented.

Most real estate owners do not know what critical systems they have, how old they are, or which are at risk. Risk stays invisible until it becomes a loss event.

Expensive surprises

Emergency repairs, volatile insurance, and unplanned capital spend absorb margin you should never have lost.

Running blind

Boards and insurers ask for audit-ready evidence that does not exist.

Hidden financial burden

Traditional Cost of Risk misses the gaps that hit your P&L first.

Product

The platform built to make building failure predictable.

One platform. Lower costs, controlled insurance, defensible capital. Risk stops being invisible.

Novem Property Risk Platform
NOVEM
Know your building Predictive Operations Capital Planning
Vibration Monitoring
Equipment and structural vibration monitoring
Executive Engineer Response Financial
PRIMARY VALUE
2.4 mm/s²
Status: normal
METRICS COUNT
3
available metrics
Amplitude Gauge
17% of threshold
RMS Value
38% of threshold
FREQUENCY BANDS
Last 60 min
0–10 Hz
0.6 mm/s²
10–50 Hz
1.4 mm/s²
50–200 Hz
0.9 mm/s²
200+ Hz
0.3 mm/s²
Risk index: Low Next check: 14 min

SEE EVERYTHING YOU OWN

Complete asset inventory, live across every building.

Every critical system mapped, with condition, age, replacement cost, and risk exposure visible before loss occurs.

RECEIVE EARLY WARNINGS

Know what is likely to fail before it costs you.

See emerging risk, expected financial exposure, and recommended action before failure becomes downtime, a claim, or emergency work.

FIX ON YOUR SCHEDULE

Turn urgent repairs into planned action.

Prioritize the work that reduces risk, avoids disruption, and protects capital before a small issue becomes a costly event.

PROVE AND IMPROVE

Turn risk reduction into financial control.

Use audit-ready evidence to strengthen insurance submissions, defend capital decisions, and show the impact of every action.

What You Get

Three outcomes. Every customer.

01
See risk before it becomes loss.

Know which building systems are likely to fail, what is at risk, and what it could cost before disruption begins.

02
Lower costs and protect NOI.

Prevent emergency repairs, avoidable downtime, and insurance pressure so you can protect cash flow and operating income.

03
Make capital decisions with confidence.

Prioritize the work that matters most with the data you need to control risk and support stronger asset value.

In Practice

Real buildings.
Measurable outcomes.

All case studies

A regional seniors living operator in Western Canada

From 19 outbreak weeks to zero.

“Outbreak-related wage premiums fell from $28,800 to $9,800, while PPE spending decreased 34% over three years.”

65% Fewer outbreak weeks
Read more

A major Western Canadian events and entertainment campus

A critical failure stopped before it became a claim.

“Early warning helped prevent a potential major loss while annual insurance cost growth remained at 0%.”

$5M Maximum probable claim prevented
Read more

A landmark mixed-use office tower in a major Canadian city

Commissioning reduced from 36 months to four.

“$10.1M in forecast energy savings, with 2% of infrastructure capital spend avoided.”

89% Faster commissioning
Read more

See what Novem finds in your portfolio.

Book a demo and see what surfaces in your portfolio - day one.

Book a Demo

Framework

We find the failure before it hits your financials.

Most risk frameworks only count what already happened. Total Cost of Risk Ownership captures the full financial burden - everything that hits your P&L before it makes your risk register.

TCRO - The Full Cost of Invisible Risk
TCRO Total Cost of Risk Ownership Losses & Claims Downtime Premiums Maintenance Compliance Overhead Governance
Reducing TCRO protects NOI. Protected NOI supports stronger asset value.

Free Resources

See what invisible risk is costing your portfolio.

Two practical tools for finance, operations, and risk leaders who need a clearer view of building risk and its financial impact.

Whitepaper
TCRO Framework: The Full Cost of Building Risk
See how claims, downtime, insurance, maintenance, compliance, and governance create costs that traditional reporting misses.
Download the TCRO Whitepaper
Interactive Tool
TCRO Calculator: What Is Invisible Building Risk Costing You?
Estimate the financial impact of invisible risk across your portfolio and identify where predictive operations could reduce avoidable costs.
Use the TCRO Calculator

Trusted Partners

Risk reduction grounded in real loss experience, not assumptions.

Built with established infrastructure, insurance, and broker partners to create stronger risk evidence, greater underwriting confidence, and more defensible capital decisions.

INFRASTRUCTURE PARTNERS
Turn building systems into earlier action.

Embed Novem intelligence into building systems and services to help long-term real estate accounts predict failures before they become loss events.

INSURANCE DATA PARTNERS
Turn claims insight into pricing confidence.

Combine claims insight with Novem data to improve risk visibility, pricing confidence, and risk management across institutional real estate.

BROKER PARTNERS
Build a more defensible risk story.

Use Novem data to engineer risk, improve submissions, and support more defensible insurance and capital decisions for institutional portfolios.

See what Novem finds in your portfolio on day one.

Reduce TCRO. Protect NOI. Control insurance. Defend every capital decision with data.

Book a Demo Learn More

Novem - Failures are Predictable.

FAQ

Common questions about Novem.

What is a Property Risk Platform for real estate?

A Property Risk Platform connects operational building data, risk intelligence, and financial exposure in one system so real estate owners can predict and prevent equipment failures before they become loss events. Unlike a building management system, which monitors and controls in real time, a Property Risk Platform translates those signals into financial outcomes, capital decisions, and audit-ready evidence. Novem is the only platform that combines real time monitoring with normalized insurance claims data from 7.2 million buildings.

What is Total Cost of Risk Ownership?

Total Cost of Risk Ownership (TCRO) is the full financial burden of invisible building risk. It includes direct claims, emergency repair premiums, insurance volatility, business interruption, compliance overhead, fragmented reporting costs, and reputational exposure. Most organizations only measure direct claims, leaving the majority of their true risk burden invisible on the P&L. Novem frames all value delivery through TCRO so customers can see and manage the complete picture.

How does Novem predict building failure?

Novem combines real time monitoring of critical building systems with normalized insurance claims data from 7.2 million buildings across 20 years of loss history. By comparing live operational signals against historical failure patterns at the equipment and building type level, the platform identifies elevated risk before a failure event occurs. Early warnings give operations teams time to intervene at standard rates during planned downtime rather than at crisis rates after an event.

How is Novem different from a building management system?

A building management system (BMS) monitors and controls building systems in real time. Novem layers predictive risk intelligence and normalized insurance claims data on top of existing systems to make failure predictable, translate operational signals into financial exposure, and produce audit-ready data for boards, lenders, and insurers. Novem does not replace a BMS - it makes its data financially useful and defensible at the executive level.

Which types of real estate does Novem serve?

Novem is built for institutional real estate owners with multi-site portfolios including commercial and mixed-use properties, seniors living and wellness facilities, data centers, and recreational and public venues. Best-fit organizations have a high cost of failure, board-level scrutiny on risk-related costs, rising insurance pressure, fragmented asset and risk data, and a need to move from reactive to predictive operations.

How does Novem protect NOI and asset value?
Novem helps identify building and equipment failures before they become emergency repairs, downtime, claims, or avoidable operating costs. Reducing these costs helps protect NOI and cash flow. More predictable capital planning and stronger risk evidence can also support stronger asset value and more defensible insurance and investment decisions.