More than 80 percent of insurance CEOs globally have considered or will consider downsizing their employee base in the next six months to prepare for an anticipated recession, according to a survey carried out in mid-2022. The probability of a U.S. recession was highest in the second half of 2023.
Share of insurance CEOs planning selected actions to prepare for an anticipated recession in the next six months worldwide in 2022
All respondents were CEOs of insurance companies with annual revenues over 500 million U.S. dollars. The markets surveyed were Australia, Canada, China, France, Germany, India, Italy, Japan, Spain, the United Kingdom, and the United States.
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KPMG UK. (January 13, 2023). Share of insurance CEOs planning selected actions to prepare for an anticipated recession in the next six months worldwide in 2022 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/884906/insurance-recession-future-plans-global/
KPMG UK. "Share of insurance CEOs planning selected actions to prepare for an anticipated recession in the next six months worldwide in 2022." Chart. January 13, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/884906/insurance-recession-future-plans-global/
KPMG UK. (2023). Share of insurance CEOs planning selected actions to prepare for an anticipated recession in the next six months worldwide in 2022. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/884906/insurance-recession-future-plans-global/
KPMG UK. "Share of Insurance Ceos Planning Selected Actions to Prepare for An Anticipated Recession in The next Six Months Worldwide in 2022." Statista, Statista Inc., 13 Jan 2023, https://www.statista.com/statistics/884906/insurance-recession-future-plans-global/
KPMG UK, Share of insurance CEOs planning selected actions to prepare for an anticipated recession in the next six months worldwide in 2022 Statista, https://www.statista.com/statistics/884906/insurance-recession-future-plans-global/ (last visited December 21, 2024)
Share of insurance CEOs planning selected actions to prepare for an anticipated recession in the next six months worldwide in 2022 [Graph], KPMG UK, January 13, 2023. [Online]. Available: https://www.statista.com/statistics/884906/insurance-recession-future-plans-global/
