Lockton, a global independent insurance broker, has announced a strategic partnership with ChAI, an artificial intelligence-led commodity intelligence and raw materials insurance specialist, designed to help organizations better understand and manage risks associated with global commodity markets.
The collaboration combines 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 resiliency across industries and geographies.
Lockton and ChAI provide organizations with structured, evidence-based insights into emerging commodity risks against a backdrop of ongoing geopolitical disruption, ongoing supply chain pressures and climate-related shocks.
With a focus on market behavior, supply-side constraints and geopolitical factors, the partnership helps transform complex data into practical insights to inform decision-making during a period of heightened price volatility.
In addition to enhanced risk analytics, the partnership introduces an insurance-based approach to managing commodity price risk. ChAI has developed ChAI Protect, a solution that uses predictive analytics and proprietary models to insure certain commodity price risks, providing an alternative to traditional hedging and forecasting methods.
Lockton works with clients to assess risk and consider how such solutions can be integrated into broader risk and financial planning strategies.
By combining data-led intelligence with insurance expertise, Lockton and ChAI aim to support smarter corporate decision-making, improve risk governance and enhance long-term resilience in an increasingly uncertain global commodities environment.
