However, 53% of the 160 respondents to a survey by GrantThornton's Financial Markets Group believe that once the industry becomes regulated corporate and personal risks will not increase,or will not increase much when compared to the previous GISC regime.
In addition, only 16% of the respondents thought that the current GISC regime was very effective. 43% of the firms questioned also admitted that they probably didn't comply with all GISC's requirements.
"If the general insurance market thinks
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