Life insurance still strong despite credit crunch
Posted on March 10, 2010
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Life insurance is still going strong in the entire UK markets despite the credit crunch. The affirmation that the UK Life Insurance sector was still very healthy despite global economic issues was announced today by Fitch Ratings. An article reported: “UK life insurers are the currently withstanding the credit crunch as they report positive net growth and have little exposure to subprime assets.”
Their sales have remained resilient and the only thing that might affect the sector is a dip in consumer confidence or the customer-base becoming unable to keep up payments on the policies due to a greater financial obligations caused by car insurance premium increases and the necessity to keep up on credit repayments.
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