FSA regulation
Just over 60% reckon that FSA regulation will increase pressure on premiums, while only 10% said that it wouldn't.
Respondents also thought that regulation would put pressure on cost.
A massive 80% said that it would increase operating costs, while only 3% said no. Say no more.
A similar number to last year said that FSA regulation would increase customer confidence. Around 54% agreed it would, while just over 20% remain cynical. Interestingly, under 35s are far less cynical than older members of our community. Only 12% of under 35s said that FSA regulation would not increase customer confidence.
Work load will also increase as a result of FSA regulation according to our respondents. 75% said work load would rise, while only 10% said it would not.
Of course the pain of regulation could be worth it if it improves the industry's performance. Nearly 70% were optimistic, saying that it would - up by almost 10% from last year, so perhaps some benefits are filtering through.
Lloyd's capacity
Lloyd's is continuing to draw premium away from other markets, with one in five of our respondents using more Lloyd's capacity than they were 12 months ago. But the rate is slowing; last year the figure was one in four.
Overseas capacity
Domestic markets are not surprisingly the most popular source of capacity for the respondents, with only 10% using primary capacity from overseas.
Overseas capacity is more popular for the older respondents, with nearly one fifth of 46-55 year-olds using it.
