The platform serves over 300 customers worldwide
By Kenneth Araullo
Lockton Re has announced that it has secured a United States patent for its proprietary analytics platform, SAGE.
SAGE provides real-time and customizable visualization, comparison, and analysis of insurance and reinsurance structures.
The platform continues to evolve with improvements in analytics, technology and operational framework. New features have been integrated, such as Lockton Ray Fac Sage and Lockton Ray SageLink. The platform serves over 300 customers worldwide.
Claude Yoder, Lockton Re’s global head of analytics, said the strategic choice to leverage SAGE as a central operations hub allows for more fluid data sharing and integration across applications. Advances in architecture and modeling, combined with increased efficiency in capturing, sharing, and analyzing placement data, have accelerated delivery and reduced costs.
“Our analytical expertise and capabilities lie at the core of our client value proposition and have been truly the foundation of our success since we began building the business globally in 2019. As someone who has worked in the technology and analytics space for many years, Yoder said, “It always seemed like Lockton Re’s SAGE had the unique qualities to support our clients and markets.”
“We now have over 50 global analytics partners and this group has been phenomenal from the launch of our SAGE platform to its continued growth. The team has developed very close relationships with customers and markets to improve and maximize the platform. Technology is an important part of the reinsurance industry but what makes the real difference are the people and expertise behind that capability. Lockton Re is pleased to be awarded this US patent, said Tim Gardner, Global CEO of Lockton Re.
The team behind the SAGE platform includes Yoder as well as David Litz, Adam Troyer, and Adam Braithwaite. SAGE was awarded US Patent No. 11,783,427 in October.
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