Articles

Hard insurance market promotes alternative risk transfer solutions

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Insights

There is always something exciting happening at Lockton. Here are just a few from our newsroom.

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Articles
Hard insurance market promotes alternative risk transfer solutions

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  …

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Articles
The climate change fight: becoming a green hydrogen superpower

At a glance Australia is ideally situated to be APAC’s hydrogen export superpower What are the risks and areas of concern? What does this mean for insurance and project finance bankability? Recommendations to improve risk management The fanfare that was COP26 has passed. World leaders’ efforts …

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Articles
Overcoming the challenges of post-pandemic staff shortages

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 …

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Case Studies
Ransomware Incident Response Plan: Guide for Australian organisations heading into 2022

Lockton has observed an increasing number of ransomware attacks in Australia and the prices of ransom demands are skyrocketing. When a ransomware incident occurs, many organisations are left surprised and struggle to know what to do or where to look. This has significant implications on the impacts  …

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Articles
Lockton's ultimate guide to Contract Works insurance

Contract Works insurance can be procured in two different ways: 1. Project Specific: It can be procured as a single project. This is when you are insuring the contract from its commencement through to practical completion or handover. There is then usually a defects liability period that runs aft …

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Articles
Accelerating the deployment of climate change solutions

There are innumerable projects and initiatives to fight climate change that need to be matched with appropriate funding sources. Investors, governments and the insurance industry need to work together to make this a smooth process. The Paris Agreement has set clear greenhouse gas emission goals for  …

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