JLT specialises in delivering public sector risk solutions, using our expertise and deep-seated knowledge about the claims, risk and insurance landscape. This supports governments across the nation so they can be ready for what’s next on their risk horizon.
It all started back in 1972 when JLT established Australia’s first specialised local government insurance advisory business. When the 1980s arrived, an insurance crisis hit the country and this was felt especially hard in local government. Many councils struggled to obtain appropriate and adequate insurance cover at the time and many insurers walked away from entities that had a perceived higher risk of exposures.
Despite the uncertainty, JLT stayed true to our client-first philosophy and we worked with clients through these difficult times to evolve approaches and ensure they could secure risk protection. That’s how the Mutual solution was born – with clients actively pooling their resources and spreading their risks as a collective, backed by JLT’s management and risk-solutions acumen.
Our Mutuals
Mutuals continue as a robust option. They offer flexibility and ability to invest in risk mitigation strategies, supporting change and delivering protection for their members in the longer-term. These cooperative schemes can buffer members from the highs and lows of fluctuating traditional insurance markets. They also empower public sector entities by ensuring they are the decision makers and are active in the design and delivery of programs they need. Benefits include greater economies of scale and tailored education programs, as well as potential to generate dividends so members can re-invest back into their identified strategic priorities.
JLT continues managing Mutuals and proudly works with the public sector at all levels to evolve and tailor solutions today – ready for tomorrow’s risk environment.