London – Instability within the financial markets represent the biggest threat to the global insurance industry, according to a survey conducted last month by Lloyd’s of London. The survey asked 138 Lloyd’s underwriters to answer questions about working in the Lloyd’s environment, including the identification of those emerging risks that will most likely challenge the insurance industry over the coming year.
Forty-nine percent of survey respondents feel the world will be a less stable place in 2008 and, although 55% of underwriters feel insurance buyers are giving greater consideration to terrorism and political risk in planning, 56% still feel they need to do more.
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