Accessing high quality, cost effective employee benefits can be a challenge in a market often seen to be highly impersonal and transactional. We recognise that you and your employees deserve an individual and tailored approach, no matter the industry, size or location.

PRODUCT

People Solutions

We’ll deliver Employee Benefit Programs that are aligned to your Business Objectives

Accessing high quality, cost effective employee benefits can be a challenge in a market often seen to be highly impersonal and transactional. We recognise that you and your employees deserve an individual and tailored approach, no matter the industry, size or location. Acting as your strategic partner – we like to see ourselves as an extension of your team. We will work to understand the different layers of your business to deliver integrated health and risk programmes that add value for your organisation.

The Best Analytics, Consultancy and Broking

A company’s most vital asset is its people. In order to attract and retain high quality staff, it is important to have a broad employee benefits package. It is even more important to ensure that in the event of the sickness, accident or death of an employee, that the company is able to fulfil its legal and moral obligations in the most effective and responsive way. The issue for most companies is that as businesses grow, the issues around employee benefits becomes more and more complex.

Through a combination of analytics – allowing us to make firm business recommendations based on quality data – as well as our consultancy and broking expertise, we deliver employee benefits programs that are aligned to your business objectives. As an independent company with no shareholders, we value our relationships and work first and foremost for you and your employee’s best interests.

Our Products and Services

Employee benefits include:

  • Group Life Insurance

  • Group Income Protection

  • Group Private Health Insurance

  • Key Person Insurance

  • Employee Protect Policy

  • Workers’ Compensation

  • Health screening and occupational therapy

  • Critical illness

  • Short and long term disability – group income protection

  • Medical expenses – private health insurance

  • Dental

Consultancy services include:

  • Alternative risk financing solutions

  • Benchmarking and audit

  • Data analytics

  • Program management

  • Employee wellbeing and wellness

  • Mergers and acquisitions, due diligence and harmonisation

  • Multi-national pooling and captives

  • Benchmarking and audit

  • Strategic benefit design

  • Claims services - projection, administration and handling

Latest News & Insights

5 Proven Strategies to Reduce Employee Healthcare Costs Without Compromising Benefits

Optimize Employee Healthcare Plans with IPMI Solutions
Providing comprehensive healthcare coverage for employees is a top priority for businesses, yet rising healthcare costs and inflation pose significant challenges. Companies across Asia are feeling the pressure from increasing healthcare expenses driven by higher labor, equipment, and medicine costs. However, with the right strategies, businesses can leverage global healthcare solutions like International Private Medical Insurance (IPMI) to manage costs effectively without compromising essential benefits.
IPMI stands out as an exceptional option for enhancing benefits for top global talent, expatriates, and frequent travelers. This insurance ensures seamless access to medical facilities across multiple countries, allowing individuals to receive necessary care wherever they are in the world. HR leaders can evaluate the advantages of IPMI alongside local health insurance plans to choose the best option for their organization.
Here are five strategies for HR leaders in Asia to optimize employee healthcare plans and reduce costs without sacrificing quality:


Evaluate and Refresh Your Current Plan: Regularly review healthcare policies to ensure they remain competitive and aligned with evolving employee needs. Offering global healthcare options like IPMI can attract and retain top talent.


Consider Switching Providers: Take advantage of the competitive healthcare insurance market in Asia by exploring alternative insurers. Negotiate special rates for IPMI policies while ensuring local employees are covered through cost-effective plans.


Analyze Claims Data for Cost Drivers: Identify patterns in claims data to uncover cost drivers. Educate employees on appropriate coverage use to reduce unnecessary claims and optimize IPMI utilization.


Invest in a Wellness Program: Encourage healthier lifestyles through wellness initiatives, which can lower healthcare costs and improve employee productivity and satisfaction. Complement IPMI benefits with programs that promote overall wellbeing.


Partner with a Trusted, Client-Focused Broker: Navigate complex insurance options by partnering with an experienced broker. They can help optimize healthcare strategies, ensuring compliance and providing support for claims management and wellness program implementation.


At Lockton, we understand the challenges businesses face in managing healthcare costs while delivering high-quality benefits. By integrating customized healthcare plans with optional IPMI enhancements for mobile and international employees, we help companies develop cost-effective solutions that cater to their diverse workforce needs.Optimize Employee Healthcare Plans with IPMI Solutions
Providing comprehensive healthcare coverage for employees is a top priority for businesses, yet rising healthcare costs and inflation pose significant challenges. Companies across Asia are feeling the pressure from increasing healthcare expenses driven by higher labor, equipment, and medicine costs. However, with the right strategies, businesses can leverage global healthcare solutions like International Private Medical Insurance (IPMI) to manage costs effectively without compromising essential benefits.
IPMI stands out as an exceptional option for enhancing benefits for top global talent, expatriates, and frequent travelers. This insurance ensures seamless access to medical facilities across multiple countries, allowing individuals to receive necessary care wherever they are in the world. HR leaders can evaluate the advantages of IPMI alongside local health insurance plans to choose the best option for their organization.
Here are five strategies for HR leaders in Asia to optimize employee healthcare plans and reduce costs without sacrificing quality:


Evaluate and Refresh Your Current Plan: Regularly review healthcare policies to ensure they remain competitive and aligned with evolving employee needs. Offering global healthcare options like IPMI can attract and retain top talent.


Consider Switching Providers: Take advantage of the competitive healthcare insurance market in Asia by exploring alternative insurers. Negotiate special rates for IPMI policies while ensuring local employees are covered through cost-effective plans.


Analyze Claims Data for Cost Drivers: Identify patterns in claims data to uncover cost drivers. Educate employees on appropriate coverage use to reduce unnecessary claims and optimize IPMI utilization.


Invest in a Wellness Program: Encourage healthier lifestyles through wellness initiatives, which can lower healthcare costs and improve employee productivity and satisfaction. Complement IPMI benefits with programs that promote overall wellbeing.


Partner with a Trusted, Client-Focused Broker: Navigate complex insurance options by partnering with an experienced broker. They can help optimize healthcare strategies, ensuring compliance and providing support for claims management and wellness program implementation.


At Lockton, we understand the challenges businesses face in managing healthcare costs while delivering high-quality benefits. By integrating customized healthcare plans with optional IPMI enhancements for mobile and international employees, we help companies develop cost-effective solutions that cater to their diverse workforce needs.

Payment considerations following ransomware attacks

Both the frequency and sophistication of ransomware attacks are rising. Affected businesses can be tempted to authorise requested ransom payments to renormalise operations as fast as possible. However, this is not a decision any company should hastily take without thorough consideration and due diligence.  Both the frequency and sophistication of ransomware attacks are rising. Affected businesses can be tempted to authorise requested ransom payments to renormalise operations as fast as possible. However, this is not a decision any company should hastily take without thorough consideration and due diligence.

Why risk needs to be part of your renewable project narrative

As part of a global push towards a decarbonised grid, renewable project developers and investors are navigating increasingly complex risks, often beyond what standard project planning and contractual counterparty negotiations can manage. Proactive risk framing and insurance partnership strategies can help project developers and investors to better manage uncertainty and make their assets more bankable and tradable.As part of a global push towards a decarbonised grid, renewable project developers and investors are navigating increasingly complex risks, often beyond what standard project planning and contractual counterparty negotiations can manage. Proactive risk framing and insurance partnership strategies can help project developers and investors to better manage uncertainty and make their assets more bankable and tradable.
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Asia Regional Key Contacts

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Cedric Luah

Head of People Solutions - Asia
cedric.luah@lockton.com

Singapore - Asia Regional
Employee Benefits - Grace Fong 150x150px

Grace Fong

Head of Global Clients, Ops & Excellence – Asia
grace.fong@lockton.com

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Jim Heng

Head of Partnership and Distribution, People Solutions - Asia
jim.heng@lockton.com

General Inquiries

General Enquires

enquiry.asia@lockton.com

Country Key Contacts

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Raymond Wong

Head of People Solutions - Singapore
Raymond.Wong@lockton.com

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Eunha Park

Managing Director, People Solutions - South Korea
Eunha.Park@lockton.com

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Rhea Atienza-Ablan

Senior Vice President, Head, People Solutions
Rhea.Ablan@lockton.com
+63 917 728 0939

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Nadporn Srilert

Director - Thailand
nadporn@asia.lockton.com

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Sudip Indani

Head of People Solutions -India
Sudip.Indani@lockton.com

General Inquiries

General Enquires

enquiry.asia@lockton.com

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