At Lockton, we understand the challenges you face. Our approach is genuinely different from our peers. We work with you, focusing on the areas of cost that are affecting your fleet to create a tailored plan that meets your needs.

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Lockton’s Motor Practice Group

Motor fleet risk is going through a major transformation. Costs are escalating, technology is becoming almost a pre-requisite for many fleets, and the pace of change for business models – which was already escalating prior to Covid-19 – has become even more acute.

At the same time, the insurance market is becoming increasingly challenging, with premiums increasing and insurers Insurers becoming far more selective. In order to navigate these conditions, you will expert advice and a solid strategy.

At Lockton, we understand the challenges you face. Our approach is genuinely different from our peers. We work with you, focusing on the areas of cost that are affecting your fleet to create a tailored, cost-efficient insurance plan that meets your needs.

How we work with our clients

Audit

Our starting point is to analyse your existing risk management arrangements, processes and loss history. By doing this, we can identify the issues and exposures within your business that are most likely to influence and impact your claims, insurance premium, and retained costs. This ‘deep dive’ will include analysis of various areas, such as:

  • Your claims and other performance data (incidents/accidents)

  • FNOL process/accident reporting times

  • Existing use of technology e.g. telematics

  • Existing procedures and communication

  • Existing risk management strategies

  • How you manage driver performance

  • Your culture

Strategy

We use the output from the audit to formulate a robust risk management strategy with you. This will provide you with a number of benefits:

  • Quick fix’ strategies to help you better manage the risk and control cost

  • Performance benchmarking to help determine where support may be focused

  • Long-term risk management strategy planning (around 30 risk management tools available, including technology, improved claims management and driver performance targets)

  • A best-practice approach to enable you to take control of your fleet risk and improve your loss history

Motor practice group brochure

We work with you, focusing on the areas of cost that are affecting your fleet to create a tailored plan that meets your needs.

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We are pleased to introduce the first edition of Lockton’s Specialty London Market Report. The Specialty Division was formed 18 months ago to provide Lockton’s retail network and clients across the globe with support and advice from the full breadth of London’s Specialty teams.London Market Report October 2024

London Market Report October 2024

article
Welcome to the October 2024 edition of Lockton’s London Market Report We are pleased to introduce the first edition of Lockton’s Specialty London Market Report. The Specialty Division was formed 18 months ago to provide Lockton’s retail network and clients acr ...
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