More than 65% of insurance brokers are optimistic there will be no economic recession in 2002, saying the threat has been blown out of proportion, a new survey shows
But almost 30% think there will be a recession, but that it will be short-lived.
And almost 80% think their businesses are weighed down by too much red tape.
These findings come from a survey of 509 brokers conducted in 2001 between 5 November and 17 December by employment law firm Peninsula.
The survey also showed that if faced with a recession, 69% of brokers would consider redundancies as a cost-cutting option.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
