New York — The leading overall issue facing the global insurance industry is competitive pricing and adequate profitability, according to a survey of the participants at the annual seminar of the International Insurance Society (IIS) in Taipei, Taiwan.

For the last several years, IIS has surveyed its annual seminar participants to determine key concerns of participating insurance executives, this year coming 39% from Asia Pacific, 26% from United States/Canada, 22% from Europe, 8% from Latin America, 3% from the Middle East, and 1% from Africa and others. Respondents were mostly from broadly based companies with 42% from companies in "most lines," along with 26% life specialists and 20% non-life specialists.

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