Through our in-depth analysis, we use a large data set of client information to help predict how existing claims costs will develop and how future periods will perform. This allows us to have robust discussions with the insurance market when presenting the risk of a client’s insurance program and negotiating renewal rates.

— PEOPLE SOLUTIONS

Renewal Data Analysis & Calculations

Underwritten Jurisdictions (WA/NT/ACT/TAS)

Maximising opportunity for an optimal renewal outcome by presenting specific client data to the insurance market

    Through our in-depth analysis, we use a large data set of client information to help predict how existing claims costs will develop and how future periods will perform.

    This allows us to have robust discussions with the insurance market when presenting the risk of a client’s insurance program and negotiating renewal rates.

    The data analytics we provide also allows Lockton to use this information to undertake future projections for our clients. This is in respect to Claim Experience Discounts (CED’s) and Burning Cost adjustments (Burners).

    Our services

    • Creation of triangulations which will provide claims cost development results to help understand the likely long-term performance of the program

    • Identification of claim performance trends

    • Year-on-year comparisons to track current performance

    • Claim Experience Discount projections

    • Burning cost adjustment projections

    Key contacts

    Placeholder image

    David Clonan

    Manager Client Placement Services Workers' Compensation
    david.clonan@lockton.com
    +61 424 174 810

    General Inquiries

    Get in touch

    info.au@lockton.com

    Latest news and insights

    Explore the impact of new industrial manslaughter legislation in Australia, which has significantly altered legal accountability for workplace fatalities. This article delves into the potential risks, insurance implications, and essential actions required to prevent severe legal and financial consequences. Learn how to safeguard your organisation and avoid prosecution, fines, and imprisonment by understanding and implementing effective safety measures.Industrial Manslaughter: Key Risks, Insurance Considerations, and Best Practices

    Industrial Manslaughter: Key Risks, Insurance Considerations, and Best Practices

    article
    The introduction of industrial manslaughter legislation across Australia has introduced a significant shift in legal accountability for workplace fatalities. With severe penalties for both individuals and organisations, understanding industrial manslaughter la ...
    Read moreIndustrial Manslaughter: Key Risks, Insurance Considerations, and Best Practices

    Creating a Remarkably Better World

    At Lockton, we empower our people, clients, and communities to achieve their ultimate potential. In the last two years, we’ve made great strides in building on our foundation to make changes, decisions, and investments that will result in positive global outcomes. We’ve become a better employer, client advisor, and community partner. We’ve invested in understanding our environmental footprint, formalized a global committee, and doubled down on our commitment to our people and neighborhoods — to name a few. The efforts and expertise of our people and leaders worldwide to further our values and solidify our commitments are creating changes that will continue to help us achieve a remarkably better world. As always, we remain committed to being an employer of choice, trusted client advisor, and active community partner. We look forward to our ongoing progress in this space. At Lockton, we empower our people, clients, and communities to achieve their ultimate potential. In the last two years, we’ve made great strides in building on our foundation to make changes, decisions, and investments that will result in positive global outcomes. We’ve become a better employer, client advisor, and community partner. We’ve invested in understanding our environmental footprint, formalized a global committee, and doubled down on our commitment to our people and neighborhoods — to name a few. The efforts and expertise of our people and leaders worldwide to further our values and solidify our commitments are creating changes that will continue to help us achieve a remarkably better world. As always, we remain committed to being an employer of choice, trusted client advisor, and active community partner. We look forward to our ongoing progress in this space.

    Space insurance: the promise of in-orbit repair

    The market for insuring satellites in orbit has seen many developments, but space itself continues to be a challenging environment. The satellites we launch to space must survive years of intense solar radiation, damaging vacuum conditions and temperatures ranging from minus 150C to plus 200C. This means that sometimes – despite careful design, highly-regulated manufacturing, and stringent testing - parts can fail.The market for insuring satellites in orbit has seen many developments, but space itself continues to be a challenging environment. The satellites we launch to space must survive years of intense solar radiation, damaging vacuum conditions and temperatures ranging from minus 150C to plus 200C. This means that sometimes – despite careful design, highly-regulated manufacturing, and stringent testing - parts can fail.

    Mitigating the climate change impact on vineyards

    Climate change poses several challenges for viticulture. Grapes are vulnerable to changes in temperature, precipitation, water availability, pests and diseases, and extreme weather events. Changes in weather patterns are becoming less predictable and they can have significant impacts on the yield, ripening, sugar content, acidity, phenolic compounds, and aroma of the grapes.Climate change poses several challenges for viticulture. Grapes are vulnerable to changes in temperature, precipitation, water availability, pests and diseases, and extreme weather events. Changes in weather patterns are becoming less predictable and they can have significant impacts on the yield, ripening, sugar content, acidity, phenolic compounds, and aroma of the grapes.
    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