The JP Morgan Deloitte 2007 General Insurance Industry Survey released today highlighted that profitability in the general insurance industry remains sound despite the increase in the combined ratio to 94% from 91% in 2006.

This year the JP Morgan Deloitte General Insurance Industry Survey asked survey respondents to nominate and rank the five most important issues impacting their business. Two issues were raised with equal frequency, the lack of skilled staff and the highly competitive environment.

For the full media release please view the attachment below.

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JP Morgan Deloitte 2007 General Insurance Industry Survey - executive summary