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  • Top 50, best large 5
  • 3 star
  • Top 5 insurances
  • Lockton is a proud member of the Business Insurance Diversity and Inclusion Award

News and Insights

Recent developments within the commercial real estate (CRE) market are forcing asset holders to rethink their real estate strategy. To remain agile and attractive to tenants, office property owners are considering whether to refurbish existing stock, or construct new blocks from scratch. However, this is rarely a straightforward decision. Economic pressures, evolution in tenant demands, developments within ESG requirements, and planning considerations are among the most pressing factors that complicate how CRE asset holders seek to retain tenants and protect long-term asset value.Refurbish or rebuild? Considerations for office property owners

Refurbish or rebuild? Considerations for office property owners

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Recent developments within the commercial real estate (CRE) market are forcing asset holders to rethink their real estate strategy. And to remain agile and attractive to tenants, office property owners are considering whether to refurbish existing stock, or co ...
Read moreRefurbish or rebuild? Considerations for office property owners

Professional services: Key considerations for implementing AI

Artificial intelligence (AI) tools are increasingly embedded within professional services, with uses that range from automating routine tasks, to conducting deep-level data analysis. Firms are deploying both third‑party tools and internally‑developed solutions at pace, with adoption growing quickly, particularly among junior staff. But this embracing of AI within the professional services sector isn’t risk-free. A survey of underwriters conducted by the Lloyd’s Market Association (LMA) identifies Professional Indemnity (PI) as the insurance line most likely to experience AI-related losses, driven by the potential for erroneous or hallucinated outputs. Despite the clear operational benefits of this technology, the risks associated with AI use are bringing about increased regulatory scrutiny and a heightened need to demonstrate responsible implementation. Against this backdrop, we’ve set out some key areas of risk that professional services firms may wish to keep in mind when developing and implementing AI tools. Any roll-out of AI must be conducted in a manner that is both responsible and aligned with professional, ethical, regulatory, and insurer expectations.Artificial intelligence (AI) tools are increasingly embedded within professional services, with uses that range from automating routine tasks, to conducting deep-level data analysis. Firms are deploying both third‑party tools and internally‑developed solutions at pace, with adoption growing quickly, particularly among junior staff. But this embracing of AI within the professional services sector isn’t risk-free. A survey of underwriters conducted by the Lloyd’s Market Association (LMA) identifies Professional Indemnity (PI) as the insurance line most likely to experience AI-related losses, driven by the potential for erroneous or hallucinated outputs. Despite the clear operational benefits of this technology, the risks associated with AI use are bringing about increased regulatory scrutiny and a heightened need to demonstrate responsible implementation. Against this backdrop, we’ve set out some key areas of risk that professional services firms may wish to keep in mind when developing and implementing AI tools. Any roll-out of AI must be conducted in a manner that is both responsible and aligned with professional, ethical, regulatory, and insurer expectations.

Live music: building resilience against political violence risks

Event cancellation typically stems from adverse weather or the non-appearance of artists and key personnel. However, stakeholders within the entertainment industry must also recognize the threat of political violence to live productions – particularly as the methods of threat actors evolve. Robust risk mitigation of violence at live events requires a holistic approach from all parties. Close collaboration and understanding of all contingencies and protections is critical to ensuring the safety of performers and spectators, alike. Event cancellation typically stems from adverse weather or the non-appearance of artists and key personnel. However, stakeholders within the entertainment industry must also recognize the threat of political violence to live productions – particularly as the methods of threat actors evolve. Robust risk mitigation of violence at live events requires a holistic approach from all parties. Close collaboration and understanding of all contingencies and protections is critical to ensuring the safety of performers and spectators, alike.

Lockton Marine Global War Maps - JWLA-033

Lockton Marine Global War MapsLockton Marine Global War Maps
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