Another week, another casualty from the credit crisis: Charterhouse Communications, a long-term rival to Incisive Media, which owns COVER, went into administration, a development blamed on the tightening housing market.
Could the protection market feel the effects of the credit crisis? Possibly, but probably not immediately. In fact, sales of protection have been improving as mortgage brokers switch to attention as traditional revenue streams dry up. However, this does not mean the protection market will emerge unscathed as markets return to normal. If the general public is forced to cut their cloth accordingly as their incomes decrease or become overly-stretched, a protection product, not immediately beneficial to the consumer, will be the first expense to be dropped. So what can be expected? Temporar...
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