Insights
There is always something exciting happening at Lockton. Here are just a few from our newsroom.
Tough insurance market conditions combined with a challenging economy are driving businesses to explore alternative risk transfer (ART) solutions such as parametric insurance. Insurers have been significantly increasing premium in many risk areas and tightening terms and conditions at renewal to …
Faced with severe staff shortages, businesses across the UK are having to find creative solutions to continue servicing clients safely. While the issue has been exacerbated by Brexit, the same trend is occurring across many other jurisdictions as economies reopen. In order for businesses to tackle t …
High fossil fuel prices and an expectation that they will remain at an elevated level for the foreseeable future is giving governments an additional incentive to shift the energy mix towards renewable energy sources. Further supporting this endeavour is the fact that the cost of wind and solar powe …
In the current hard insurance market, premium costs are a greater consideration than ever for clients when it comes to their professional indemnity (PI). Clients often ask us: “How do PI underwriters calculate their premiums?”. There are a number of factors taken into account by an underwriter when …
The global business community is closely watching the negotiations taking place at the COP26 climate summit in Glasgow as this will have consequences for the global regulatory system and influence law and policy in the future. The COP26 goals The COP26 summit aims to find an agreement that will deli …
The riots that broke out in Chile in 2019 have prompted insurers to change their underwriting approach to strikes, riots and civil commotion (SRCC) in the country, explicitly excluding the protection from property policies and creating a market for a standalone cover. The move reflects a broader mar …
