The need to analyse, negotiate and facilitate decision making on all components of your insurance and risk management program is now more vital than ever before.

PRODUCTS AND SERVICES

Data Analysis Services

Transforming data into meaningful information and quality decisions

Contact us

Understanding data is vital

The need to analyse, negotiate and facilitate decision making on all components of your insurance and risk management program is now more vital than ever before. The prevalence and availability of data is not the issue, it is how to disseminate the data into meaningful information to make quality decisions that can transform business operations and financial returns.

We provide clear and concise analytics to help you make informed decisions. Coupled with market intelligence and sound judgment, we assist you with creating a clear oversight of the current environment and strategic road maps to help meet business objectives.

Lockton’s approach to analytics is a key differentiator

Analytics are viewed as an ongoing, collaborative process to support our client’s businesses, not a static report. We challenge our clients to find answers to questions like:

  • Do I have the right retentions?

  • Do I have enough limits?

  • What is driving the change in my projected loss rate?

  • Do I have an exit strategy?

  • How is my risk changing as I acquire, divest and grow?

  • Are my losses tracking as expected?

  • How will my Total Cost of Risk change if I change my program structure?

  • How will my cash flow change if I change program structure?

  • How will multi-year structures change my Total Cost of Risk?

  • Is my claims management plan effectively reducing the cost of claims?

  • How can I implement preventative and cost mitigation plans?

Our Products and Services

Effective analytics services are based on supplementing quantitative data (collect, clean data and transform data) with qualitative understanding of your businesses (gain knowledge, apply wisdom, and achieve better results) as in the diagram to the right.

This process is universal to most classes of insurance where high volume claims or high values can be generated from the following risks:

  • Property and catastrophic events like major property exposure to weather, flood, fire, wind etc.

  • Workers’ compensation - all states, government and privately underwritten

  • Motor vehicle fleet

  • Liability

Presenting our client’s risk profile to insurers through a more informed lens will educate the underwriter to understand the risk and provide new opportunities to enhance cover, reduce price and reduce claim costs.

Data Analytics Diagram AU Data Analysis Services

Questions? We'll guide you in the right direction.

Ask us about our products, services or anything else on your mind. Our insurance and risk specialists are here to help.

Talk to our team
culture-quote-tiernan

Key Contact

Placeholder image

Craig Simpson

National Manager - Premium Strategy & Analytics
craig.simpson@lockton.com
+61 414 637 205

Latest from Lockton

Lithium-ion batteries (LIBs) have underpinned the growth of grid-connected energy storage for more than a decade. However, as Australia accelerates its renewable generation and demands longer-duration, safer and more cost-effective storage, a critical question is emerging: what comes next? One technology gaining significant global momentum is sodium-ion batteries (SIBs). Beyond lithium: The Next Frontier in Energy Storage

As technology outages become the new normal, staying operational means staying vigilant

From cloud outages to cybersecurity failures, the digital backbone of modern business is under constant strain. In this environment, preparation and planning aren’t optional — they’re a must. Organizations can build resilience through risk assessments, incident response planning, and cyber insurance strategies that help mitigate the impact of inevitable outages.From cloud outages to cybersecurity failures, the digital backbone of modern business is under constant strain. In this environment, preparation and planning aren’t optional — they’re a must. Organizations can build resilience through risk assessments, incident response planning, and cyber insurance strategies that help mitigate the impact of inevitable outages.

Modern finance needs a modern risk strategy

Strategic guidance on insurance and oversight for today's financial institutions.Strategic guidance on insurance and oversight for today's financial institutions.

Lockton Celebrates 10 Years Riding for Cancer Research

On 4–5 October, Team Lockton once again joined the MACA Cancer 200- Ride for the Perkins, marking our 10th consecutive year supporting the Harry Perkins Institute of Medical Research.On 4–5 October, Team Lockton once again joined the MACA Cancer 200- Ride for the Perkins, marking our 10th consecutive year supporting the Harry Perkins Institute of Medical Research.
See all news and insights

With a global footprint of 135+ offices, there’s sure to be one near you.

Find an office
*135+ Lockton offices and partner offices worldwide
Lockton blue globe