Most underwriters say they are committed to reform

Eighty-two per cent of underwriters say there is a high level of commitment to reforming Lloyd’s market business processes, according to new research.

The findings, published in Lloyd’s fourth annual underwriting survey, come after updated figures from the Market Reform Group released last month showed the London market had made significant progress in meeting its reform goal.

Managing the insurance cycle remains the most important issue in 2008, with over two thirds of underwriters believing more needs to be done.