The vast majority of insurance companies in North America have already enacted furloughs, layoffs and a freeze on promotions to reduce workforce-related expenses due to the global COVID-19 (coronavirus) pandemic, according to a survey in mid-2020. Over two thirds of respondents indicated these measured had already been taken, while over half also confirmed they had reduced compensation and limited raises and bonuses.
Share of insurance companies in North America who have taken actions to reduce workforce-related expenses due to COVID-19 in 2020, by action
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Deloitte. (December 3, 2020). Share of insurance companies in North America who have taken actions to reduce workforce-related expenses due to COVID-19 in 2020, by action [Graph]. In Statista. Retrieved November 13, 2024, from https://www.statista.com/statistics/1192517/insurance-companies-coronavirus-response-north-america/
Deloitte. "Share of insurance companies in North America who have taken actions to reduce workforce-related expenses due to COVID-19 in 2020, by action." Chart. December 3, 2020. Statista. Accessed November 13, 2024. https://www.statista.com/statistics/1192517/insurance-companies-coronavirus-response-north-america/
Deloitte. (2020). Share of insurance companies in North America who have taken actions to reduce workforce-related expenses due to COVID-19 in 2020, by action. Statista. Statista Inc.. Accessed: November 13, 2024. https://www.statista.com/statistics/1192517/insurance-companies-coronavirus-response-north-america/
Deloitte. "Share of Insurance Companies in North America Who Have Taken Actions to Reduce Workforce-related Expenses Due to Covid-19 in 2020, by Action." Statista, Statista Inc., 3 Dec 2020, https://www.statista.com/statistics/1192517/insurance-companies-coronavirus-response-north-america/
Deloitte, Share of insurance companies in North America who have taken actions to reduce workforce-related expenses due to COVID-19 in 2020, by action Statista, https://www.statista.com/statistics/1192517/insurance-companies-coronavirus-response-north-america/ (last visited November 13, 2024)
Share of insurance companies in North America who have taken actions to reduce workforce-related expenses due to COVID-19 in 2020, by action [Graph], Deloitte, December 3, 2020. [Online]. Available: https://www.statista.com/statistics/1192517/insurance-companies-coronavirus-response-north-america/