Lockton works with clients to arm them with data, to help make informed decisions about their people solutions. The Actuarial Solutions team develops models to help measure expected cost differences associated with variations in benefit plans and can show a range of possible outcomes, allowing the employer to see best case, worst case and most likely results. Actuaries assist clients with rate setting and reserving, plan design and contribution modeling, network discount and access analysis, evaluation of stop loss levels and terms, and the projection of liabilities for retiree medical plans. For a plan sponsor’s pension plan, Lockton’s actuaries can assist with mergers and acquisitions due diligence, review plan assumptions, and help with plan design studies and employee communications.
Introducing Lockton's Actuarial Solutions
Lockton works with clients to arm them with data and analysis, to help make informed decisions about their people solutions. The Actuarial team develops models to help measure expected cost differences associated with variations in benefit plans and can show a range of possible outcomes while highlighting the most likely. Actuaries assist clients with rate setting and reserving, plan design and contribution modeling, network discount and access analysis, assessment of point solution fit and financial impact for the client, evaluation of stop loss levels and terms, and the projection of liabilities for retiree medical plans. Lockton’s actuaries can also assist with mergers and acquisitions due diligence, review plan assumptions, complete benchmarking studies, and help with plan design studies and employee communications.
Services
Rate setting and reserving
Plan design and contribution studies and modeling
Network discount and access analysis
Point solution fit and financial impact
Stop loss levels and terms evaluation
Projection of liabilities for retiree medical plans
Plan assumptions review
Benchmarking studies
M&A due diligence
Industry-leading benefits for the people powering your business
Acting as your strategic partner, we’ll get to grips with the different layers of your business to deliver integrated health and risk programs that add value for your organization.
Lockton People Solutions FAQs
What is Lockton People Solutions?
Lockton believes every business maximizes their potential when their people maximize theirs. That’s why we help our clients make their business, and their people’s lives, better. We know employers need solutions that help balance attracting and retaining talent, manage costs and promote employee well-being. Lockton helps guide clients to people solutions that drive employee understanding, engagement and satisfaction; incorporate competitive total rewards and benefits packages; and manage and measure the effectiveness of your programs.
What value can we bring to your business?
We work with every client thinking about how we can best improve your employee experiences to drive engagement, understanding, satisfaction and productivity; design total rewards and benefits that increase perceived value and help attract and retain talent, while controlling costs; and help you make information-based decisions, measure and manage your programs, while driving a competitive business advantage amid an increasingly complex landscape.
What products and services do you offer?
Lockton delivers a full suite of solutions in the following areas: employee experiences and engagement, total rewards and benefits, and management and measurement.
Why Lockton?
Lockton is privately owned, which allows teams to prioritize client business. Our Associates are empowered to go above and beyond to help their clients succeed and the entrepreneurial culture at Lockton fosters data-driven solutions, solving problems faster and more efficiently.
What regions of the globe?
Lockton operates all over the globe through Lockton offices and a network of Lockton Global Partners.
Who can Lockton assist?
We can help with all M&A transactions from SME to large corporate.
With a global footprint of over 100 offices, there’s sure to be one near you.
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