Lloyd's, the Association of Insurance and Risk Managers (AIRMIC) and think-tank Global Futures have launched a research project to "take the global pulse" of the risks faced by business and society post September 11.

The research is intended to find out how businesses have responded to the World Trade Centre (WTC) events and how their view of risk has altered - the so-called `corporate fear factor'.

Lloyd's director of worldwide markets, Julian James, said: "September 11 was Lloyd's largest ever single claim and its most complex. Now that the initial shocks of the attacks are subsiding, we need to know what the lasting effects will be in the world insurance market. That's why we believe this is the right time to take the global pulse of the business."

The first stage of the research will be reported at this year's AIRMIC conference in Birmingham on 16 - 18 June.