Lockton’s dedicated Analytics insurance team provides bespoke analysis, market intelligence and insights to help you make informed decisions about risk retention and financing. By sharing easy-to-interpret analysis, our in-house industry experts will help you evaluate and plan for the unique exposures you face, while providing you with an audit trail to present to key stakeholders.

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Inform your decision-making with tailored analytics

Lockton’s dedicated Analytics Insurance team provides bespoke analysis, market intelligence and insights to help you make informed decisions about risk retention and financing.

By sharing easy-to-interpret analysis, our in-house industry experts will help you evaluate and plan for the unique exposures you face, while providing you with an audit trail to present to key stakeholders.

We work with you to measure and understand your risks, using analytics to assess expected outcomes and scenarios, while evaluating new ways to finance your exposures. In short, our goal is to provide you the analysis you need to achieve the best possible solution.

What we bring to your business

Risk tolerance analysis

  • Using annual reports and other publicly available information, we will assess the impact of unbudgeted loss events on your key financial indicators

  • This enables you to understand your financial ability to take insurance risk

Risk appetite interviews

  • Through a series of interviews with key personnel, we will discuss your key risks and how you might finance them

  • This helps determine your financial willingness to take insurance risk. Coupled with your risk tolerance, this enables you to ensure your insurance is ideal for your business

Collateral estimates

  • Using claims data, risk exposures and claims development triangulations, we estimate the funds that should be set aside to pay for unsettled claims

  • This aids negotiations with insurers, allowing them to gauge the level of collateral required

Loss projections

  • Using your data and our own internal industry data, we project the aggregate losses that could occur for the forthcoming policy period

  • This gives insight into the potential quantum of your risks, enabling you to plan for ‘bad’ years and secure appropriate insurance for your risk appetite. It also provides estimates for the losses you will need to fund at a specific level of retention

Economic cost of risk analysis

  • Using our loss projections, we design the most financially efficient insurance structure that will:

    • Fit your risk appetite and tolerance

    • Use the most efficient blend of own and third party capital

  • This approach minimises your cost of risk and informs your decision-making regarding your insurance placement

News and Insights

An increasing number of construction companies are turning to modular construction to take advantage of potential efficiencies and cost savings. However, insurers do have some concerns about this technology that need to be addressed to ensure there is appropriate insurance cover in place for such projects.  Addressing insurer concerns regarding modular construction

Mitigating the fire risk from charging electric vehicles

The demand for electric vehicles (EVs) continues to grow for both private and commercial users. As such, there is an increasing need to provide additional infrastructure to enable convenient, rapid, and safe charging of EVs for staff and the public. Recent experience has demonstrated fires involving EVs can burn for an extended period of time and present significant challenges when attempting final extinguishment. Property protection principles should be considered in the design and location of EV charging points to help limit the effects of fire to property, business, and environment.  The demand for electric vehicles (EVs) continues to grow for both private and commercial users. As such, there is an increasing need to provide additional infrastructure to enable convenient, rapid, and safe charging of EVs for staff and the public. Recent experience has demonstrated fires involving EVs can burn for an extended period of time and present significant challenges when attempting final extinguishment. Property protection principles should be considered in the design and location of EV charging points to help limit the effects of fire to property, business, and environment.

Rooftop solar panels: key professional indemnity insurance risks for contractors

Uptake of solar panels has accelerated significantly over the past 5 to 10 years, driven by a mixture of government incentives, increased energy prices, and environmental concern. As contractors work to meet the ongoing demand, they must remain mindful of the risks they face during installation, including the various exclusions that exist under typical professional indemnity insurance (PII) policies. Uptake of solar panels has accelerated significantly over the past 5 to 10 years, driven by a mixture of government incentives, increased energy prices, and environmental concern. As contractors work to meet the ongoing demand, they must remain mindful of the risks they face during installation, including the various exclusions that exist under typical professional indemnity insurance (PII) policies.

The King’s Speech: implications for the property industry

In the much-awaited King’s Speech on 7 November 2023, King Charles III set out the Government’s priorities for the coming parliamentary session. The speech proposed various items of legislation, including the Leasehold and Freehold Bill and Renters (Reform) Bill. If introduced, these would directly affect the property industry.In the much-awaited King’s Speech on 7 November 2023, King Charles III set out the Government’s priorities for the coming parliamentary session. The speech proposed various items of legislation, including the Leasehold and Freehold Bill and Renters (Reform) Bill. If introduced, these would directly affect the property industry.
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