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.

RISK SOLUTIONS

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.

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.

Contact us

Key Contact

Placeholder image

Craig Simpson

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

Latest from Lockton

With WHS Codes of Practice becoming enforceable in NSW, organisations must ensure existing controls meet required standards and can be clearly demonstrated.Enforceable Codes of Practice: What expanded WHS obligations mean for NSW organisations

Global cyber threat report: 2026

AI is reshaping cybersecurity risk in 2026. Learn how emerging threats, regulation, and insurer responses are changing how businesses protect against cyber attacks.AI is reshaping cybersecurity risk in 2026. Learn how emerging threats, regulation, and insurer responses are changing how businesses protect against cyber attacks.

AI risks: what directors and officers need to know

All new technologies carry risks when introduced on an enterprise level. Artificial intelligence (AI) is no exception, and directors and officers may find themselves in the crosshairs should negative repercussions arise from the use of such tools. 

To be prepared for the potential regulatory scrutiny or claims activity that comes along with the introduction of a new technology, it is imperative that boards carefully consider the introduction of AI, and ensure sufficient risk mitigation measures are in place. All new technologies carry risks when introduced on an enterprise level. Artificial intelligence (AI) is no exception, and directors and officers may find themselves in the crosshairs should negative repercussions arise from the use of such tools. 

To be prepared for the potential regulatory scrutiny or claims activity that comes along with the introduction of a new technology, it is imperative that boards carefully consider the introduction of AI, and ensure sufficient risk mitigation measures are in place.

Lockton Fiscal Year 2026 Revenue Increases to $4.5 Billion

Lockton reports $4.5B in FY2026 revenue with 12% growth and a sixth year of double-digit organic growth, driven by global expansion, AI, and advisory strength.Lockton reports $4.5B in FY2026 revenue with 12% growth and a sixth year of double-digit organic growth, driven by global expansion, AI, and advisory strength.
See all news and insights

With a global footprint of 150+ offices and partner offices, find one near you.

Find an office
global communication network concept