Quipex calls for lower insurance premiums for compliant properties

PropTech platform, Quipex, is urging insurance companies to lower premiums for compliant properties, on the basis that the lack of transparent, reliable data and maintenance records is fuelling escalating insurance costs for Australia’s commercial property sector.

According to former ACCC Chair Graeme Samuel AC, now chairing Quipex, the root cause of rising insurance premiums is a “data black hole” across Australia’s built environment.

“Unlike cars, buildings rarely come with a full-service history, so insurers are essentially flying blind,” said Samuel. “The lack of verifiable data forces insurers to guess at risk, resulting in weaker valuations and increased safety risks that ultimately drives premiums higher.”

Insurance premiums are rising 15–20% for strata buildings and up to 20% for industrial assets. To mitigate these costs, Quipex is pioneering a new tool that gives every building its own digital logbook. From design and construction through to maintenance and compliance records, this logbook allows all data to sit in one secure, accessible platform.

At the core of the platform are Quipex’s bespoke Building Integrity and Risk Culture scores, which provide a living snapshot of each building’s risk profile. Validated by an industry-leading fire engineering firm, these scores measure proactive safety, compliance, and risk management across both individual buildings and entire portfolios, tracking both the status of compliance and the cultural trends that shape long-term risk outcomes.

Quipex CEO Stuart McWilliam says the platform can vastly improve consumer outcomes and lower costs for building owners by allowing insurers to price risk based on facts, not assumptions.

“A verified, accessible record of a building’s history and maintenance—combined with real-time risk scoring—not only demonstrates its quality but also provides regulators and emergency services with actionable intelligence when it matters most. This leads to stronger valuations, safer buildings, and more informed decision-making for owners and buyers.”

As one of Australia’s foremost experts on building regulation, Quipex non-executive director Bronwyn Weir believes the building itself should be the custodian of its data across its entire economic life.

“We have an unprecedented opportunity to create a single source of truth for building data,” she said. “Done properly, this will improve compliance and safety and could transform consumer protection by enabling smarter data analytics and AI-driven insights.”

Quipex has already secured customers across the broader property sector—from community housing providers and builder-developers to commercial asset owners and aged care facilities. It is now raising capital to expand its platform with a materials provenance module, which will track materials specified by architects through to the products installed.

“It’s the next piece of the puzzle,” McWilliam added. “Provenance tracking ensures that what’s promised on paper is delivered in the building, helping to prevent issues like the combustible cladding crisis from recurring.”

Quipex is open for its next round of capital raising. For more information, visit www.quipex.au