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Independent insurance brokerage Lockton has launched a digital office designed to drive innovation in data, analytics and technology.
The new office is said to leverage digital and data capabilities to offer clients transformative solutions.
It will accelerate digital transformation, focusing on all aspects of data, analytics and technology.
The office aims to enhance client value, improve operational efficiencies and support decision-making processes by harnessing technologies and data-driven insights.
Lockton has appointed Claude Yoder as the chief data, analytics and digital officer.
He previously served as the global analytics leader at Lockton Re.
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By GlobalDataYoder was also a part of the creation and development of the SAGE platform, an analytics and operational platform that has been recognised with two patents.
Yoder said: “This is an exciting opportunity to advance our data and technology capabilities. Lockton’s commitment to digital excellence underscores its dedication to staying ahead of industry trends and meeting the evolving needs of our clients. With the establishment of the Digital Office, Lockton is poised to set new standards in the insurance brokerage industry, ensuring sustained growth and success in the digital age.”
Lockton CEO and chairman Ron Lockton said: “This move, along with our commitment to investing in a digital office, underscores the importance of digital, data and analytics to Lockton’s global strategy. We are dedicated to providing our clients with valuable insights and unparalleled service driven by leading edge, digital data and analytic tools.”
In December 2024, Lockton launched a new Global Parametric Insurance Practice comprising a team of experts including data scientists and modellers and offering parametric solutions.