Lockton Re’s proprietary analytics platform, SAGE, has been awarded another US Patent for systems and methods for custom and real-time visualisation, comparison, and analysis of insurance and reinsurance structures, with additional patents pending.
The platform’s key features enable clients to make faster, more informed decisions, providing greater transparency and efficiency.
With data transformed into real-time financial results for risk transfer decision-making, the platform allows clients to visualise, design, and modify different structures to help optimise risk portfolios.
It is built on a modern stack with a future-ready framework, and it has and will continue to catalyse growth across the entire marketplace.
In the last three years, driven by innovation, Lockton Re has yielded three US patents. A trend, the reinsurer is hoping to continue as it advances a significant slate of additional patents through the pending stage.
Adam Troyer, Global Head of Analytics, Lockton Re, commented, “Lockton Re’s SAGE was inspired by our clients, who desired better analytics to support more informed risk transfer decisions. The unique software optimises efficient decision-making, offering our clients flexibility, deep insights, and financial benefits.”
Claude Yoder, Chief Digital Officer, Lockton, added, “Analytics has been central to Lockton Re’s value since its inception in 2019, and Lockton Re’s SAGE has been on the cutting edge of what is possible ever since. Lockton Re’s SAGE platform stands out for supporting clients as data and analytics become increasingly vital within the re/insurance industry.
“Securing our latest US software patent is a testament to the pioneering spirit of our Global Analytics team and our autonomy as an independent organisation. The power of our independence allows us to prioritise the digital initiatives that deliver the most significant returns for our clients, and that legacy-bound organisations simply cannot match.”
