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

Contact Us

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

    General Inquiries

    Get in touch

    info.au@lockton.com

    Latest news and insights

    Fixed fire protection systems (FFP) such as sprinklers are one of the most effective ways to prevent a major fire loss to a property or business enterprise. Commonly recommended by property insurers, systems can detect a fire in its initial stages and deliver a fire-fighting agent where it is needed, reducing the risk to people, property and the environment. To ensure the maximum benefit from the investment in fire protection, it is important systems are designed and installed to meet insurer and other stakeholder needs. This Inside Risk edition explores the main considerations when selecting fire protection systems. Inside Risk: selecting fire protection systems

    Inside Risk: selecting fire protection systems

    article
    Fixed fire protection systems (FFP) such as sprinklers are one of the most effective ways to prevent a major fire loss to a property or business enterprise. Commonly recommended by property insurers, systems can detect a fire in its initial stages and deliver ...
    Read moreInside Risk: selecting fire protection systems

    Neurodiversity in the workplace: a competitive edge in talent acquisition and retention

    In today’s corporate landscape, diversity and inclusion are increasingly prioritised, yet one crucial aspect often remains overlooked — neurodiversity. Neurodivergent individuals, such as those with autism, ADHD, dyslexia, dyspraxia, represent around 15-20% of the global population. For businesses, the question is not only about hiring neurodivergent individuals but about creating an environment where they feel confident enough to be themselves and reach their full potential. Supporting neurodiverse employees is more than a moral imperative; it’s a legal requirement and also a competitive strategy for attracting and retaining a broad range of talent.In today’s corporate landscape, diversity and inclusion are increasingly prioritised, yet one crucial aspect often remains overlooked — neurodiversity. Neurodivergent individuals, such as those with autism, ADHD, dyslexia, dyspraxia, represent around 15-20% of the global population. For businesses, the question is not only about hiring neurodivergent individuals but about creating an environment where they feel confident enough to be themselves and reach their full potential. Supporting neurodiverse employees is more than a moral imperative; it’s a legal requirement and also a competitive strategy for attracting and retaining a broad range of talent.

    How to Overcome Risks in Data Centre Development

    1. Data centres are lucrative but risky. Proper planning mitigates fire, power, and cyber risks to secure your return on investment1. Data centres are lucrative but risky. Proper planning mitigates fire, power, and cyber risks to secure your return on investment

    Cyber-security and Privacy Act Reforms

    Australia drives forward with its mission to be a leader in cyber-security, with Cyber-security and Privacy Legislative change. The Australian government has passed into law the first part of a landmark cyber-security legislation “package” to provide additional protections for Australia’s cyber environment, and critical infrastructure. The legislation, spearheaded by Cyber Security Minister Tony Burke, marks a significant step in addressing Australia’s vulnerabilities to online attacks. In addition to the introduction of a new Cyber Security Bill 2024, the package will also progress and implement reforms under the Security of Critical Infrastructure Act 2018 (SOCI Act). Australia drives forward with its mission to be a leader in cyber-security, with Cyber-security and Privacy Legislative change. The Australian government has passed into law the first part of a landmark cyber-security legislation “package” to provide additional protections for Australia’s cyber environment, and critical infrastructure. The legislation, spearheaded by Cyber Security Minister Tony Burke, marks a significant step in addressing Australia’s vulnerabilities to online attacks. In addition to the introduction of a new Cyber Security Bill 2024, the package will also progress and implement reforms under the Security of Critical Infrastructure Act 2018 (SOCI Act).
    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.

    Talk to our team

    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.

    Click here (opens a new window) to go back to the People Solutions Homepage