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.

— PEOPLE SOLUTIONS

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

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    Craig Simpson

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

    General Inquiries

    Get in touch

    info.au@lockton.com

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    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

    What is Lockton People Solutions?

    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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