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  • Top 50, best large 5
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  • Lockton is a proud member of the Business Insurance Diversity and Inclusion Award

News and Insights

Artificial intelligence (AI) tools are increasingly embedded within professional services, with uses that range from automating routine tasks, to conducting deep-level data analysis. Firms are deploying both third‑party tools and internally‑developed solutions at pace, with adoption growing quickly, particularly among junior staff. But this embracing of AI within the professional services sector isn’t risk-free. A survey of underwriters conducted by the Lloyd’s Market Association (LMA) identifies Professional Indemnity (PI) as the insurance line most likely to experience AI-related losses, driven by the potential for erroneous or hallucinated outputs. Despite the clear operational benefits of this technology, the risks associated with AI use are bringing about increased regulatory scrutiny and a heightened need to demonstrate responsible implementation. Against this backdrop, we’ve set out some key areas of risk that professional services firms may wish to keep in mind when developing and implementing AI tools. Any roll-out of AI must be conducted in a manner that is both responsible and aligned with professional, ethical, regulatory, and insurer expectations.Professional services: Key considerations for implementing AI

Professional services: Key considerations for implementing AI

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Artificial intelligence (AI) tools are increasingly embedded within professional services, with uses that range from automating routine tasks, to conducting deep-level data analysis. Firms are deploying both third‑party tools and internally‑developed solutions ...
Read moreProfessional services: Key considerations for implementing AI

Live music: building resilience against political violence risks

Event cancellation typically stems from adverse weather or the non-appearance of artists and key personnel. However, stakeholders within the entertainment industry must also recognize the threat of political violence to live productions – particularly as the methods of threat actors evolve. Robust risk mitigation of violence at live events requires a holistic approach from all parties. Close collaboration and understanding of all contingencies and protections is critical to ensuring the safety of performers and spectators, alike. Event cancellation typically stems from adverse weather or the non-appearance of artists and key personnel. However, stakeholders within the entertainment industry must also recognize the threat of political violence to live productions – particularly as the methods of threat actors evolve. Robust risk mitigation of violence at live events requires a holistic approach from all parties. Close collaboration and understanding of all contingencies and protections is critical to ensuring the safety of performers and spectators, alike.

Lockton Marine Global War Maps - JWLA-033

Lockton Marine Global War MapsLockton Marine Global War Maps

Driver in Control: staying composed behind the wheel

Insurance is largely based on statistics – and motor insurance is no exception. Premiums are calculated from tracking claims and identifying common traits from collision incidents, such as the frequency of certain vehicles involved and how those incidents occurred. Within the performance vehicle sector, claims arising from loss of control give insurers the greatest cause for concern. It is, therefore, crucial drivers remain composed behind the wheel and in control of their vehicle at all times. Insurance is largely based on statistics – and motor insurance is no exception. Premiums are calculated from tracking claims and identifying common traits from collision incidents, such as the frequency of certain vehicles involved and how those incidents occurred. Within the performance vehicle sector, claims arising from loss of control give insurers the greatest cause for concern. It is, therefore, crucial drivers remain composed behind the wheel and in control of their vehicle at all times.
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