Business insurance holders who continue to invest in training will find they are better prepared for the eventual economic swing.
Daniel Pedley, public affairs manager for the Chartered Insurance Institute (CII), said that his organisation does not recommend business insurance customers cut their training programme during the recession.
He continued: "We believe that investing in training now, during a downturn, will help you come up in a better position when the recovery comes."
Furthermore, Mr Pedley said that business insurance holders in the insurance and finance sectors are facing a skills shortage.
He noted that 70 per cent of employers reported a lack of skilled workers in the organisation, although this is a six per cent decrease on the level reported last year.
A recent survey by the CII claimed that 26 per cent of employees in the insurance and financial services industry are worried about losing their job, although this has only happened to two per cent of the workforce.
