Despite a strong current performance, one of the major challenges facing the insurance industry is how to manage the insurance cycle.
Lloyd’s research in 2006 revealed, for the second year running, that Lloyd’s underwriters still see managing the insurance cycle as the top challenge for the insurance industry, and nearly two-thirds believe that the industry at large is not doing enough to respond to the challenge.
As part of the 360 Risk Project, Lloyd’s is keen to understand what drives the insurance cycle and what measures can be taken to mitigate its impact. Lloyd’s has already done a lot of work on managing the cycle within the Lloyd's market. Lloyd's is now keen to extend the debate to the whole insurance industry and has published a report, which puts forward seven key recommendations for insurance professionals who want to better understand and manage the cycle.
Lloyd's Report - Managing the Cycle (208KB)
Lloyd’s would like to hear your views on the report and on the challenge of managing the cycle in general. Email your thoughts to 360@lloyds.com
Return here regularly to follow the debate as it develops.
