Lockton Launches Digital Office to Enhance Data and Technology Strategies
Lockton, the largest independent insurance broker globally, has recently announced the establishment of a state-of-the-art digital office, led by the accomplished Claude Yoder. This initiative is designed to enhance the company's data capabilities and technological strategies, marking a significant advancement in Lockton's approach to insurance brokerage.
Claude Yoder, who has been with Lockton Re since 2019 as the global analytics leader, has played a pivotal role in driving substantial growth for the company. Under his guidance, Lockton Re has not only thrived but has also developed its own proprietary analytics and operational platform known as SAGE, which has secured two patents—a remarkable achievement in the reinsurance sector.
This new digital office is part of Lockton's commitment to innovate and transform its digital landscape. According to Ron Lockton, the Chair and CEO, 'This step underscores the importance of digitalization, data, and analytics in Lockton's global strategy.' He further emphasized the firm's dedication to providing clients with valuable insights and unparalleled service, supported by cutting-edge tools and analytics.
The digital office will accelerate digital transformation and growth across all aspects of data analytics and technology within Lockton. By leveraging advanced technologies and data-driven insights, the office aims to enhance client value, optimize operational efficiency, and support strategic decision-making. Yoder expressed his enthusiasm, stating, 'This is an exciting opportunity to enhance our data and technological capabilities.'
He added that Lockton's commitment to digital excellence reflects its ambition to stay ahead in the industry and meet the evolving needs of its clients. With the establishment of this digital office, Lockton is positioning itself to set new industry standards in insurance brokerage while ensuring ongoing growth and success in the digital age.
Lockton differs from its competitors through its independent model. The private ownership allows its more than 12,600 associates across over 140 countries to focus solely on client risks and insurance needs. This broad expertise facilitates profound understandings necessary for achieving remarkable outcomes. Lockton is dedicated to making strides in the insurance industry while addressing the complex challenges its clients face worldwide.
This new venture not only signifies Lockton's proactive approach but also serves as a beacon for innovation in the insurance sector. The firm aims to provide clients with comprehensive solutions that cater to their unique needs, ensuring they remain competitive in an increasingly digital-centric world. As Lockton continues to expand its array of services, clients can expect more robust strategies powered by data and analytics, paving the way for a future where technology and insurance work hand in hand.
For more detailed insights and updates, you can visit Lockton’s official website at www.lockton.com.