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Hard insurance market promotes alternative risk transfer solutions

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Insights

There is always something exciting happening at Lockton. Here are just a few from our newsroom.

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Articles
Hard insurance market promotes alternative risk transfer solutions

Tough insurance market conditions combined with a challenging economy are driving businesses to explore alternative risk transfer (ART) solutions such as parametric insurance. Insurers have been significantly increasing premium in many risk areas and tightening terms and conditions at renewal to  …

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Overcoming the challenges of post-pandemic staff shortages

Faced with severe staff shortages, businesses across the UK are having to find creative solutions to continue servicing clients safely. While the issue has been exacerbated by Brexit, the same trend is occurring across many other jurisdictions as economies reopen. In order for businesses to tackle t …

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High fossil fuel prices add another incentive to shift to renewable energy

High fossil fuel prices and an expectation that they will remain at an elevated level for the foreseeable future is giving governments an additional incentive to shift the energy mix towards renewable energy sources. Further supporting this endeavour is the fact that the cost of wind and solar powe …

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Accelerating the deployment of climate change solutions

There are innumerable projects and initiatives to fight climate change that need to be matched with appropriate funding sources. Investors, governments and the insurance industry need to work together to make this a smooth process. The Paris Agreement has set clear greenhouse gas emission goals for  …

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How a professional indemnity underwriter calculates your premium

In the current hard insurance market, premium costs are a greater consideration than ever for clients when it comes to their professional indemnity (PI). Clients often ask us: “How do PI underwriters calculate their premiums?”. There are a number of factors taken into account by an underwriter when  …

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Assessing the effect of the UK’s Official Injury Claim portal

While the UK’s Official Injury Claim (OIC) portal does seem to be meeting its primary aim of volume and cost reduction, the implementation of the OIC portal and associated whiplash tariff has not been without its problems. The OIC portal came into operation on 31st May 2021 promising, along with new …

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