Lockton launches digital insurance platform for SMEs in Australia

Lockton, the world’s largest privately-owned insurance brokerage, has announced the launch of Lockton Pulse, a groundbreaking digital insurance offering designed for SMEs and individuals across Australia.

Source: FinTech Global

As traditional insurance systems struggle with outdated processes, Lockton aims to provide a more agile solution that addresses evolving risks and customer demands. The new platform enables customers to quickly obtain quotes and purchase insurance online from anywhere. The platform provides access to tailored risk advisory services traditionally reserved for top-tier clients, now available to SMEs and individual consumers. Lockton Pulse will first serve the retirement living sector, providing comprehensive insurance solutions to residents.

Paul Marsden, CEO of Lockton Pacific, emphasised the importance of agility in today’s market. He said, “We needed a differentiated proposition for Lockton against industry peers who might be hampered by complex legacy systems or outdated propositions that do not resonate with insurance buyers in 2024. Lockton Pulse is a nod to the entrepreneurial spirit of Lockton and the types of organisations we can help protect and grow together.”

Tanya Dasgupta, Head of Lockton Pulse – Affinity & Digital Solutions, added, “Lockton Pulse is a natural extension of our long-standing mission to empower and help protect businesses and individuals.” She further highlighted how the platform combines advanced technology with local Australian support to deliver seamless insurance solutions.

Read the full article: https://fintech.global/2024/10/07/lockton-launches-digital-insurance-platform-for-smes-in-australia/

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