Lockton and Axio Join Forces to Revolutionize Cyber Risk Analytics

Lockton Partners with Axio to Strengthen Cyber Risk Analytics

In a progressive movement toward fortifying cyber resilience, Lockton, recognized as the world’s largest independent insurance brokerage, has officially announced its strategic collaboration with Axio, a renowned player in the field of cyber risk quantification. This partnership, unveiled on April 8, 2025, comes at a time when organizations contend with increasingly complex cyber threats as well as tightening insurance markets, making it imperative for them to implement sophisticated analytics that translate cyber risks into financial terms.

Transforming Cyber Risk Management

By leveraging Axio's state-of-the-art platform, Lockton aims to transition its clients from basic risk assessments to a more profound understanding of the financial implications of cyber incidents. As industry stakeholders—including boards, regulators, and insurers—demand heightened accountability regarding cyber readiness, the insights facilitated through this partnership provide crucial clarity that organizations can use to evaluate their investments, risk controls, and insurance coverage.

What sets Axio’s approach apart is its unique layering of analysis. This method begins with general business disruption, expands to incorporate sector-specific impacts, and is then personalized according to the client's specific operational and technical circumstances. As a result, organizations gain access to tailored, actionable intelligence that enables faster and smarter decision-making.

Expert Insights from Leadership

Michelle Faylo, Lockton's U.S. Cyber Technology Leader, expressed enthusiasm about this partnership, stating, "We are thrilled to partner with Axio to enhance our cyber risk management offerings. This collaboration allows us to utilize Axio's advanced tools and expertise, equipping our clients with innovative risk quantification solutions needed to navigate the increasingly intricate landscape of cyber threats."

On the other hand, Scott Kannry, the CEO of Axio, echoed this sentiment by stating, "Together, we are setting a new standard in cyber resilience and assisting businesses in making informed decisions to safeguard their assets. Our partnership with Lockton unites our expertise to ensure that businesses receive comprehensive support while managing their cyber risks."

Integration of Advanced Analytical Tools

As a key action point within this partnership, Lockton and Axio are working toward integrating APIs that will connect the Axio360 platform with Lockton's own Scout analytics platform. This integration is designed to empower Lockton's cyber brokers with real-time analytics, providing clients with robust insights that can significantly enhance their approach to cyber risk management.

About Lockton

Lockton distinguishes itself through a commitment to client-centric service, reinforcing the value of independence in the insurance brokerage industry. With over 12,500 associates operating in more than 140 countries, Lockton emphasizes a balanced blend of industry knowledge and specialized product offerings, all driven by a passionate dedication to client needs.

As cyber threats continue to evolve, partnerships like the one between Lockton and Axio play a pivotal role in equipping businesses with the necessary tools to understand, manage, and mitigate their cyber risks efficiently. By investing in advanced analytics and tailored strategies, organizations can navigate the complexities of today's digital landscape with confidence and resilience.