Independent insurance brokerage Lockton is the latest organisation to join the membership of RISCAuthority
RISCAuthority has been the insurance focal point for research since 2001. The annually funded scheme is supported by a significant group of UK insurers and administered by the Fire Protection Association (FPA). It publishes extensive guides and recommendations for risk management, predominantly focusing on property protection. Its core purpose is to continually raise resilience standards within the business community.
Speaking of the new addition, Don Oakley, Head of RISCAuthority, said, “We are really pleased Lockton has joined RISCAuthority alongside our insurer members as they bring additional customer insight through the lens of a broker risk management team.
“The RISCAuthority research fund plays an important part in fire safety and asset protection, so we welcome wider input from the insurance industry to encourage greater collaboration across the fire research sector.”
Having delivered an interactive presentation, entitled ‘Risks on the Horizon’, at July’s RISCAuthority Member Seminar in London, Lockton has already demonstrated that it will play an active role as part of RISCAuthority by exploring emerging key risks that their clients are facing.
Mark Hallworth, Risk Engineer at Lockton, said, “Lockton is the only current broker member of the RISCAuthority and now has a direct voice in helping to shape standards and best practices for our customers and the insurance industry.
“When we engage with our clients at the initial stages of project development and investment planning, the first property protection advice they receive will often be from us. Integrating RISCAuthority resources, emerging risk insights, and best practice standards into client risk conversations will help reduce potential losses, improve property risk quality, and enhance our clients’ long-term resilience.
“We want our clients to be ready for tomorrow’s challenges, which will benefit both themselves and their insurers.”
The Lockton Risk Control Services team provides a range of strategic and operational risk management services, offering strategies and guidance to improve clients’ risk maturity, support the achievement of their business objectives, and support the placement of insurance.