Understanding your costs and budgeting for them is critical for all business. Lockton understands the mechanisms across all jurisdictions and can provide regular projections of insurance costs for current and future years.

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Premium Projections and Allocations

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Tracking and planning your compensation costs

    Understanding your insurance costs and budgeting for them is critical for all business. Unfortunately, we often see businesses caught short with inadequate accounting provisions as they hadn’t projected sufficiently or with due care.

    Lockton understands the premium and formula mechanisms across all jurisdictions and can provide regular scheduled projections of insurance costs for current and future years to assist not only with budgets and accruals, but also with future planning.

    In addition, our in-house tools allow us to work with you to allocate premiums between your divisions to ensure appropriate cost allocation, increasing the incentive for divisions to improve their own performance.

    Our services

    • Premium Projections

    • 5-Year Forecasts

    • Premium Allocations

    Key contacts

    Placeholder image

    Craig Simpson

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

    Latest news and insights

    Organizations across the globe are facing an increased exposure to sexual misconduct liability (SML) claims. This is due to increased awareness and reporting following the #MeToo Movement.Addressing risks associated with sexual misconduct liability

    Are you aware of your current and emerging risks?

    In today’s rapidly changing business environment, understanding your current and emerging risks is essential. Did you know that, according to industry research from the Chartered Institute of Loss Adjusters, 43% of Business Interruption policies are thought to be under-insured by more than 50%? This is just one example of how misjudging your risk exposure can have serious financial consequences.In today’s rapidly changing business environment, understanding your current and emerging risks is essential. Did you know that, according to industry research from the Chartered Institute of Loss Adjusters, 43% of Business Interruption policies are thought to be under-insured by more than 50%? This is just one example of how misjudging your risk exposure can have serious financial consequences.

    Lockton Acquires AXIS Financial Group's Corporate Superannuation and Insurance Portfolio

    Lockton has acquired the Corporate Superannuation and Insurance client portfolio from AXIS Financial Group (AXIS). The acquisition positions Lockton uniquely in the market, allowing them to offer comprehensive employee benefits consulting and end-to-end solutions that enhance the success of their clients.Lockton has acquired the Corporate Superannuation and Insurance client portfolio from AXIS Financial Group (AXIS). The acquisition positions Lockton uniquely in the market, allowing them to offer comprehensive employee benefits consulting and end-to-end solutions that enhance the success of their clients.

    Are FinTechs cyber-risk ready? The sector is under increased vulnerability from evolving threat actors

    According to an article published by SecurityBrief, 2024 saw a number of phishing attacks involving the impersonation of financial institution representatives. 

However, correctly leveraging AI-driven tools within security teams will be crucial in establishing cyber resilience for organisations. 

Thoe organisations that effectively integrate AI into their cybersecurity strategies will be more advantageous in protecting their IP, data and systems from rapid proliferation of threats.  

Following the Cybersecurity Act and Privacy Act Reforms from the end of 2024, we anticipate that data exposure will continue to be a focus for 2025 with regulatory updates expected later this year.  

Safeguarding personal information will need to be a top priority for organisations, especially those holding mass data, this is likely to intensify as threat actors mature. According to an article published by SecurityBrief, 2024 saw a number of phishing attacks involving the impersonation of financial institution representatives. 

However, correctly leveraging AI-driven tools within security teams will be crucial in establishing cyber resilience for organisations. 

Thoe organisations that effectively integrate AI into their cybersecurity strategies will be more advantageous in protecting their IP, data and systems from rapid proliferation of threats.  

Following the Cybersecurity Act and Privacy Act Reforms from the end of 2024, we anticipate that data exposure will continue to be a focus for 2025 with regulatory updates expected later this year.  

Safeguarding personal information will need to be a top priority for organisations, especially those holding mass data, this is likely to intensify as threat actors mature.
    See all news and insights

    We're here to help

    Our People solutions team bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.

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    Lockton People Solutions FAQs

    Lockton believes every business maximizes their potential when their people maximize theirs. That’s why we help our clients make their business, and their people’s lives, better. We know employers need solutions that help balance attracting and retaining talent, manage costs and promote employee well-being. Lockton helps guide clients to people solutions that drive employee understanding, engagement and satisfaction; incorporate competitive total rewards and benefits packages; and manage and measure the effectiveness of your programs.

    We work with every client thinking about how we can best improve your employee experiences to drive engagement, understanding, satisfaction and productivity; design total rewards and benefits that increase perceived value and help attract and retain talent, while controlling costs; and help you make information-based decisions, measure and manage your programs, while driving a competitive business advantage amid an increasingly complex landscape.

    Lockton delivers a full suite of solutions in the following areas: employee experiences and engagement, total rewards and benefits, and management and measurement.

    Lockton is privately owned, which allows teams to prioritize client business. Our Associates are empowered to go above and beyond to help their clients succeed and the entrepreneurial culture at Lockton fosters data-driven solutions, solving problems faster and more efficiently.

    Lockton operates all over the globe through Lockton offices and a network of Lockton Global Partners.

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