protection can profit from crunch - Financial Services Recruitment - Emu Consulting

The protection industry is well positioned to take advantage of the credit crunch although a number of tough challenges lie ahead, according to speakers at the Protection Review.

In London this week, the review's chairman Andy Couchman said the credit crunch was bad news for most of the financial services industry but he believes protection is the exeption.

''What we are seeing is the credit cruch is forcing more people to say, should we be looking at better health and protection to make up for what is happening in areas like mortgages and investments,'' he said.

Couchman said the past year has seen advances in teleunderwriting and innovative processes that had benefited the protection industry.