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 from Lockton

    Since the COVID-19 pandemic, many workplaces are encouraging employees to return to the office to reinforce the importance of collaborative, face-to-face work and promote a positive workplace culture. As a result, many workplaces are implementing and re-examining their internal hybrid work models and flexible working policies to ensure they align with the current work landscape post-COVID-19. As organisations reassess hybrid working models, disputes are increasingly being heard before the Fair Work Commission. The outcomes of these matters provide timely guidance on how employment practices are being scrutinised and where risk is emerging from an EPL perspective. Flexible work and EPL risk: lessons from recent Fair Work Commission decisions

    Flexible work and EPL risk: lessons from recent Fair Work Commission decisions

    article
    Hybrid work is facing new pressures Since the COVID-19 pandemic, many workplaces are encouraging employees to return to the office to reinforce the importance of collaborative, face-to-face work and promote a positive workplace culture. As a result, many work ...
    Read moreFlexible work and EPL risk: lessons from recent Fair Work Commission decisions

    Professional & Executive Risk Quarterly Market Update: March 2026

    Australia’s insurance market is transitioning to a more stable environment. Yet, it is important that key decisionmakers fully understand what a more stable market means and it why it should not be mistaken for simplicity.Australia’s insurance market is transitioning to a more stable environment. Yet, it is important that key decisionmakers fully understand what a more stable market means and it why it should not be mistaken for simplicity.

    Lockton Pacific Announces Senior Leadership Appointments to Support Continued Growth

    Lockton, the world's largest privately owned insurance brokerage, has appointed Glenn Preece as Pacific Growth Leader and Sare Ozkara as Head of Market Strategy, Engagement, and Portfolio Solutions – Pacific. Lockton, the world's largest privately owned insurance brokerage, has appointed Glenn Preece as Pacific Growth Leader and Sare Ozkara as Head of Market Strategy, Engagement, and Portfolio Solutions – Pacific.

    Directors and officers: governing with confidence in a high-stakes environment

    Australia’s resources and mining sector plays a foundational role in the national economy. It is also one of the most scrutinised, regulated, and operationally complex industries in which to serve as a director or officer. The challenge for directors and officers is not avoiding risk altogether but understanding risk well enough to govern decisively. This is where a resilient approach to D&O risk becomes critical. Australia’s resources and mining sector plays a foundational role in the national economy. It is also one of the most scrutinised, regulated, and operationally complex industries in which to serve as a director or officer. The challenge for directors and officers is not avoiding risk altogether but understanding risk well enough to govern decisively. This is where a resilient approach to D&O risk becomes critical.
    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

    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.

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