Insurance Age

Insurance industry faring better than most in recession

A new survey has found that a third of insurance employers believed the industry has been less affected by the current economic climate than most other sectors.

The research by Hays, a specialist recruitment company, has found that business has largely been undisrupted for most insurance companies, with activity levels either remaining the same (34%) or declining marginally (55%).

Although almost three quarters of organisations have been scrutinising their costs (73%), almost one third of employers have not putting their recruitment strategies on hold and 15% of insurance companies have actually planned to expand their businesses.

Retaining a client base

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