Lockton, a global independent insurance brokerage, has announced a strategic partnership with ChAI, an artificial intelligence-led specialist in commodity intelligence and raw material insurance, aimed at helping organisations better understand and manage risks linked to global commodity markets.
The collaboration brings together Lockton’s international risk advisory and insurance expertise with ChAI’s forward-looking commodity intelligence, enabling Lockton to support clients with deeper analysis of how commodity price movements impact costs, supply availability and supply chain resilience across sectors and geographies.
In the context of continued geopolitical disruption, ongoing supply chain pressures and climate-related shocks, Lockton and ChAI provide organisations with structured, evidence-based insight into emerging commodity risks.
With a focus on market behaviour, supply-side constraints and geopolitical factors, the partnership helps translate complex data into practical insight that can inform decision-making in periods of heightened price volatility.
Alongside enhanced risk analysis, the partnership introduces an insurance-based approach to managing commodity price exposure. ChAI has developed ChAI Protect, a solution that uses predictive analytics and proprietary models to allow certain commodity price risks to be insured, offering an alternative to conventional hedging and forecasting methods.
Lockton works with clients to evaluate exposures and consider how such solutions can be incorporated into wider risk and financial planning strategies.
Through combining data-led intelligence with insurance expertise, Lockton and ChAI aim to support more informed corporate decisions, improved risk governance and stronger long-term resilience in an increasingly uncertain global commodities environment.
