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 of respondents indicated these measured had already been taken, while over half also confirmed they had reduced compensation and limited raises and bonuses.
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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 ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /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. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /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. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /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." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 3 Dec 2020, /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 ÌÇÐÄÆƽâ°æ, /statistics/1192517/insurance-companies-coronavirus-response-north-america/ (last visited July 30, 2026)
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: /statistics/1192517/insurance-companies-coronavirus-response-north-america/
