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.

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

Key Contact

Placeholder image

Craig Simpson

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

Latest from Lockton

The purpose of Professional Indemnity (PI) insurance is to provide indemnity to an insured for legal liability to a third party who suffers loss as a result of the provision of the defined and declared professional service. Under the insurance policy, the insured normally also receives indemnity for the costs of investigation and defence of claims.

Importantly, PI insurance can be tailored to the professional group covered. Typically, PI insurance may include optional extensions of cover for a range of matters, including indemnity for consequential loss for an additional premium.
What insurance buyers need to know about Consequential Loss explained in three minutes

The 60-Second Executive Brief: Property Insurance Market Update (April 2025)

The 60 Second Executive Brief Property Insurance Market Update delivers a concise executive-level overview of current market conditions, including pricing trends, capacity developments, and strategic considerations to support informed decision-making.The 60 Second Executive Brief Property Insurance Market Update delivers a concise executive-level overview of current market conditions, including pricing trends, capacity developments, and strategic considerations to support informed decision-making.

Preparing for the new Aged Care Act: Risk and insurance implications of cost recovery and regulatory changes

The Aged Care Quality and Safety Commission (ACQSC) recently released a consultation paper outlining plans to expand and increase fees charged to aged care providers to fully recover the costs of regulation under the new Aged Care Act, coming into force on 1 July 2025. This article explores the potential risk and insurance implications, including the impact on D&O and statutory liability insurance.The Aged Care Quality and Safety Commission (ACQSC) recently released a consultation paper outlining plans to expand and increase fees charged to aged care providers to fully recover the costs of regulation under the new Aged Care Act, coming into force on 1 July 2025. This article explores the potential risk and insurance implications, including the impact on D&O and statutory liability insurance.

Five risk considerations for your next storage asset project

The storage asset market has remained resilient into 2025 driven by increased uptake in self-storage and large-scale industrial storage facilities.The storage asset market has remained resilient into 2025 driven by increased uptake in self-storage and large-scale industrial storage facilities.
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