Risk Consulting
We help organisations build resilience and make more informed risk decisions.
At Lockton, we recognise that every client has distinct risk management priorities shaped by their industry, operations, and evolving challenges. That’s why we take a tailored approach - partnering closely with clients to deliver meaningful risk and insurance solutions that create real value.
We begin by aligning risk and insurance management strategies, helping clients gain a clear view of their risk landscape. Through objective assessments, we ensure risk transfer and mitigation efforts are not only fit for purpose but genuinely add value.
To avoid the pitfalls of under or over-insurance, we offer specialised services such as asset valuation, forensic accounting, and data-driven modelling. These capabilities help establish accurate limits, sub-limits, and policy enhancements - maximising outcomes across key insurance classes including Property, Liability, Construction, Product Recall, and Cyber.
Our team supports the optimisation of insurance placement by providing independent underwriting advice, robust technology platforms, and strong advocacy. This leads to better insurer relationships and ongoing improvements in risk profiles.
We also work with organisations to build risk maturity and operational resilience. By applying global best practices in Enterprise Risk Management, Business Continuity, and Crisis Planning, we support more confident decision-making at every level - from Boards and Risk Committees to operational teams.
Finally, we bring clarity to complex decisions through powerful data insights. With advanced modelling and actuarial expertise, we help clients make scientifically backed choices around risk retention, limit structures, and alternative risk transfer strategies.
Our Products and Services
Our Practice Areas:
Risk & Resilience Consulting: In today's world, risks are becoming increasingly complex, unpredictable, and interconnected, as highlighted by recent events like COVID-19. Additionally, major shifts toward digitisation and climate change are influencing how organisations manage risk. As a result, building and continuously improving an effective risk management model is now a key focus for businesses of all sizes, attracting greater attention from regulators, shareholders, and the wider community.
Forensic & Complex Claims: Our Forensic and Complex Claim team comprise of experienced Loss Adjusters, Forensic Accountants, Risk Consultants and Claims Specialists who split their services into two distinct offerings, the first being Pre-Loss Risk Consulting services and the second being Post-Loss Claims Preparation support.
Valuation Services: Our Valuations Services team specialises in providing comprehensive and accurate insurance valuations for buildings, contents, plant, and equipment. In the current inflationary environment, where the costs of building materials and labour are rising significantly, regular insurance valuations are critical to reflect these increased costs and protect clients from financial exposure in the event of a claim.
Risk Control & Engineering Services: Our Risk Control & Engineering Services are designed to provide independent, comprehensive assessments that drives an ongoing improvement to risk profiles and insurance placement. Independent reports are essential as they offer unbiased insights into potential risks, ensuring that all aspects are thoroughly evaluated. We are pioneering a new approach to delivering surveys through advanced digital and AI solutions, which enhances accuracy, efficiency, and overall effectiveness.
Analytical & Actuarial Services: Our Analytical & Actuarial Services are designed to provide precise, data-driven insights that are essential for supporting advanced risk management decisions.
Why Choose Lockton Risk Consulting:
Strategic coordination and advice: We assist clients in prioritising, designing, and scheduling risk projects over multi-year timelines.
A single point of contact: We offer a fully integrated solution, seamlessly coordinating multiple experts to meet your needs.
High principal-to-consultant ratio: The experts you speak with are the same individuals who will handle your work; we maintain a streamlined structure without junior teams.
Internal services backed by leading strategic partners: Our ‘Preferred Partner Network’ allows us to provide the best solutions and industry expertise.
Global connectivity: Although we are based locally, our global network enables us to efficiently execute projects worldwide and leverage our pool of experts.
An extension of your service team: Being part of Lockton, we can support clients year-round, whether through ad-hoc advice, participation in client events, or detailed responses to tenders.
Flexible funding structures: We can create internal funding arrangements, utilise available insurer bursaries, and incorporate professional fees into premium funding when applicable.
Key Contact
Ben Crowther
Head of Risk Consulting
Ben.Crowther@lockton.com
+61 403 871 941
Get in touch
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Talk to our teamRisk Consulting FAQs
What types of risks can Lockton’s Risk Consulting team help with?
We support clients in managing a broad spectrum of risks, including operational, financial, strategic, reputational, and ESG-related risks. Our team also provides insights into emerging threats such as cyber incidents, supply chain disruptions, and climate change.
How does the risk consulting process work?
Our approach typically begins with a collaborative risk assessment to understand your business’s risk profile. From there, we provide tailored recommendations, help implement mitigation strategies, and align your risk management with insurance coverage to protect what matters most.
What makes Lockton’s risk consulting approach different?
We’re independent, client-focused, and highly experienced across a wide range of industries. Our advice is not tied to a specific insurer, meaning we offer objective solutions that are designed to deliver long-term value and better business outcomes.
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