Lockton has teamed up with a crisis management planning firm to provide non-government organizations and businesses with an “analytical review” of international travelers’ risk posture.
The firm announced Tuesday that its “strategic alliance” with O'Neill Paragon Solutions will work with clients to:
- assess health, safety, and security risks
- develop reasonable risk mitigation measures
- prepare staff for international travel
- create effective crisis management action plans
"Our clients have a duty of care to their people when they work in high risk environments, and this alliance will help our clients immensely," said Keith Mulvihill, a Lockton executive in its Washington, DC operation.
Want the latest insurance industry news first? Sign up for our completely free newsletter service now.
Some 36% of consumers expect to buy more travel insurance this year while 61% of travel agents foresee rosy prospects for travel insurance in 2017, according to a
Berkshire Hathaway Travel Protection (BHTP) white paper published last month.
More than half (60%) of travel agencies and a quarter of travelers told BHTP that international terrorism was a threat to traveling. Some 12% of travelers stated that fear of terrorism is a reason for buying more travel insurance.
O'Neill Paragon Solutions is headed by CEO Michael O'Neill, who has over a decade’s-worth of experience in safety and security risk management for Save the Children and Peace Corps. He will consult with Lockton clients.
"We also aim to provide guidance and support to better manage the risks clients face while meeting their duty of care responsibilities to their personnel,” O'Neill said.
Related stories:
Berkshire Hathaway sees 5% increase in travel insurance sales this year
AXA and Aviva in the UK to cover customers hit by Trump’s travel ban
