Lockton's Analytics team delivers bespoke analysis, market intelligence and insights to guide decisions on risk retention and financing for your business.
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
As an MGA, you occupy a unique position. You’re not brokers, and you’re not an insurer – but you do hold delegated authority, make underwriting decisions, and often manage claims within your authority. For a long time, MGAs have been placed under standard insu ...
