The most common action taken by North American insurance companies support financial stability over the next 6-12 months is to rationalize compensation and headcount. Over four out of ten respondents selected this option in a 2020 survey. This differs from both Europe and the Asia Pacific region, where insurance companies were more likely to implement technology to enhance efficiency - although reducing headcount was still a popular action in these regions.
Share of insurance companies worldwide who have implemented actions to support financial stability over the next 6-12 months in 2020, by action and region
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Deloitte. (December 3, 2020). Share of insurance companies worldwide who have implemented actions to support financial stability over the next 6-12 months in 2020, by action and region [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1192664/insurance-companies-actions-financial-stability/
Deloitte. "Share of insurance companies worldwide who have implemented actions to support financial stability over the next 6-12 months in 2020, by action and region." Chart. December 3, 2020. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1192664/insurance-companies-actions-financial-stability/
Deloitte. (2020). Share of insurance companies worldwide who have implemented actions to support financial stability over the next 6-12 months in 2020, by action and region. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1192664/insurance-companies-actions-financial-stability/
Deloitte. "Share of Insurance Companies Worldwide Who Have Implemented Actions to Support Financial Stability over The next 6-12 Months in 2020, by Action and Region." Statista, Statista Inc., 3 Dec 2020, https://www.statista.com/statistics/1192664/insurance-companies-actions-financial-stability/
Deloitte, Share of insurance companies worldwide who have implemented actions to support financial stability over the next 6-12 months in 2020, by action and region Statista, https://www.statista.com/statistics/1192664/insurance-companies-actions-financial-stability/ (last visited November 05, 2024)
Share of insurance companies worldwide who have implemented actions to support financial stability over the next 6-12 months in 2020, by action and region [Graph], Deloitte, December 3, 2020. [Online]. Available: https://www.statista.com/statistics/1192664/insurance-companies-actions-financial-stability/
