With markets presenting an unprecedented level and complexity of challenges, the time has come to get an external, objective review of your current arrangements. Our specialist team will share their thoughts, insights and recommendations for you based on a deep understanding of your organisation, your strategic objectives, and what they know adds value for organisation in your field.

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Insurance Review

An objective analysis of your current insurance program

With markets presenting an unprecedented level and complexity of challenges, the time has come to get an external, objective review of your current arrangements.

Our specialist team will share their thoughts, insights and recommendations for you based on a deep understanding of your organisation, your strategic objectives, and what they know adds value for organisations in your field.

Our review will focus on key components of your insurances, from policy wordings, limits and deductibles, and premiums, ensuring that your program has kept pace with an everchanging market.

The output of this work will provide you with a full gap analysis and most importantly, the strategies to drive improvements and better outcomes for you.

We recently appointed Lockton to review our management of risk. The ARC process led to a fresh and more rigorous approach to our risk and insurance requirements, and assisted in engaging and educating senior management in the risk management process.
Multinational mining contractor with operations in Australia and Africa

The benefit to your business:

  • Comfort and peace of mind that your program has been challenged and benchmarked by an external, objective organisation.

  • Saving of time and resource cost of going through a full tender.

  • Confirmation that policies are fit-for-purpose, advice detailing gaps in coverage, and wording improvements.

  • Recommendations for alternative strategies and options to mitigate the impact of
    rising premiums or purchase of more cost-effective cover.

  • Advice on opportunities to provide additional or innovative cover across your risk
    profile.

The Process

This straightforward and streamlined process requires minimal time investment once we have received the information listed below:

  • Current policy schedules and wordings

  • A copy of your most recent renewal report

  • Claims history (five years)

  • Any risk management or improvement work that has been undertaken (internally or through an external party)

We understand the strict confidentiality around your insurances, and our team would be more than happy to operate under an NDA throughout the process.

Key Contact

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Patrick Moore

Head of Business Development
patrick.moore@lockton.com

General Inquiries

Get in touch

info.au@lockton.com

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