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Lockton SAGE: Revolutionizing Corporate Analytics

In the fast-evolving landscape of corporate decision-making, data-driven solutions have become essential for success. Lockton, the largest independent insurance brokerage and risk management firm globally, has taken a significant leap forward by introducing Lockton SAGE, the industry's first unified corporate analytics platform.

What is Lockton SAGE?

Lockton SAGE is not just another analytics tool; it’s a comprehensive solution designed to harness internal data, advanced analytics, and artificial intelligence (AI) along with Lockton's specialized expertise. The platform aims to enhance clients' decision-making capabilities by providing insights that are crucial for navigating complex business environments. Currently available to a broader segment of Lockton's U.S. operations, SAGE integrates capabilities across various sectors, including Risk Solutions, People Solutions, and Reinsurance.

The Need for Unified Analytics

Today's organizations are increasingly grappling with fragmented data and pioneering autonomous AI tools that fail to present a holistic picture. Lockton's President and CEO, Ron Lockton, emphasized the importance of blending robust technology with exceptional human insight, asserting that success derives from combining powerful tools with skilled professionals. He remarked, "No firm is better positioned to lead clients in the AI era than Lockton."

This unified platform is designed to provide real-time, personalized analytics, enabling organizations to move swiftly from data collection to actionable decisions. Lockton SAGE provides a seamless connection between policies, applications, claims, and risks, making it easier for clients to mitigate potential issues before they escalate.

Enhancing Client Experience

For clients, Lockton SAGE signifies a transition from rigid insurance platforms to a dynamic operational environment tailored to their specific visions and priorities. The platform offers:

• - Real-time Data Collaboration: Automated data collection through real-time collaboration minimizes the manual burden of gathering information, leading to a more thorough understanding of client risks.
• - Advanced Analytics: Clients gain insights beyond mere benchmark metrics, receiving bespoke evaluations of their risk profiles.
• - Intelligent Structuring: The platform allows clients to visualize financial weaknesses in their program structures before final decisions, providing better risk management options.
• - Optimized Placement: With continuous analysis across products and services, clients receive the most powerful insights into market conditions and optimal coverage choices.
• - Increased Consulting Capabilities: By streamlining processes, Lockton partners can focus their expertise on strategic consulting, ensuring that client interests are safeguarded.

Built for the Future

Lockton’s private ownership structure fosters a long-term perspective, emphasizing ongoing investments in flexible platform architecture. This adaptability allows Lockton to continually incorporate cutting-edge AI models that reshape how organizations approach risk assessment. The result is a platform poised for innovation, scaling in stride with evolving client needs and market demands.

Claude Yoder, Lockton's Data, Analytics, and Digital Technology Director, points out that while the market is saturated with tools, clients require contextual analytics tailored to their decision-making processes. He affirmed, "Lockton SAGE is our commitment to delivering pertinent insights, enhancing client confidence in every decision they make."

By establishing a scalable foundation for continuous innovation, Lockton SAGE is designed to increase the value the brokerage delivers to its clients. As the platform evolves, its capabilities will only grow, providing Lockton’s partners with the necessary insights and tools to guide better-informed strategy execution.

To learn more about Lockton SAGE or to explore its capabilities, visit LocktonSAGE.com.

About Lockton

What sets Lockton apart is its independence. Being privately owned allows its nearly 15,000 associates to operate in over 180 countries, focusing solely on meeting client insurance and risk needs. With broad-ranging expertise, Lockton provides the necessary understanding for achieving exceptional client results.