Lloyd's underwriters believe that buyers are more concerned about pricing than current insurance industry investigations, according to research released today.
The research also revealed that underwriters see managing the cycle as the most important industry issue in 2005.
Commissioned by Lloyd's, the research was carried out among underwriters working at its London underwriting room.
The research said 84% of the market's underwriters see pricing as the main issue on insurance buyers' minds. Only 4% said it was issues raised by the investigations of New York attorney general Eliot Spitzer.
And 44% believe managing the cycle is the most important challenge for the industry. Achieving contract certainty was the next most important issue, followed by the need to achieve transparency and disclosure.
