Lockton Unveils New Digital Office Focused on Innovation and Growth

Lockton Launches Digital Office

Lockton, the world's largest independent insurance brokerage, has embarked on an ambitious initiative by establishing a Digital Office led by Claude Yoder. The primary goal of this new entity is to spearhead innovation in data analytics and technological strategies across the Lockton Enterprise. This initiative not only highlights Lockton's commitment to adapting to digital transformations but also places significant importance on data-driven decision-making.

Leadership and Vision

Claude Yoder, who previously served as the Global Analytics Leader for Lockton Re since 2019, has been appointed as the Chief Data, Analytics and Digital Officer. Yoder has played a pivotal role in Lockton Re's rapid growth and has been instrumental in the development of SAGE, Lockton’s proprietary analytics and operational platform, which has garnered two patents—an impressive feat in the re-insurance sector.

Ron Lockton, Chairman and CEO of Lockton, emphasized the strategic relevance of this move. He stated, "This initiative, along with our continuous investment in digital capabilities, highlights how integral digital and analytical tools are to Lockton's global strategy. We aim to empower our clients with insights that elevate their experiences and outcomes."

Enhancing Client Value through Technology

The creation of the Digital Office is poised to accelerate Lockton's digital transformation efforts. It will focus on integrating state-of-the-art technologies and data-centric insights designed to enhance both client value and operational efficiencies. The office aims to optimize strategic decision-making processes while providing unmatched value to clients.

In his comments about this undertaking, Yoder expressed excitement, stating, "This is a fantastic opportunity to elevate our data and technology capabilities. Lockton's dedication to digital excellence is evident in our proactive approach to industry trends and the evolving needs of our clients. The Digital Office positions us to innovate continually and redefine standards in the insurance brokerage sector."

Lockton's Commitment to Independence and Expertise

What distinguishes Lockton from its competitors is its independent structure. Being privately owned allows Lockton's over 12,600 associates to prioritize the unique risks, insurance, and personnel needs of clients without outside pressures. With services available in over 140 countries, Lockton is equipped to deliver exceptional results by leveraging a profound understanding of global markets.

The launch of the Digital Office reinforces Lockton's ambition to not only meet but also anticipate the evolving demands of clients in an increasingly digital world. By investing in this venture, Lockton demonstrates its intent to lead in the insurance brokerage industry, ensuring consistent growth and success as it navigates the complexities of the digital age.

For further information about Lockton and their new initiatives, visit www.lockton.com.