UK MGA Insurance Market Report 2026
UK MGAs wrote about £7.2bn of premium in 2025, up a fifth. Lloyd's, the FCA, the PRA and the capital behind MGAs spent the same year deciding how much of it to trust.
Category
Market Insights
Articles on Market Insights from the Openkoda team.
MGA
Claims
Claim Denial Rates by Line of Business (2026)
UK motor rejects about 1% of claims. US homeowners closes 31% without payment. The gap is mostly definitional, not behavioural.
Statistics
European Insurance Market Statistics 2026
EEA insurers wrote about 1.6 trillion euros in 2025. The harder question is which countries the number actually covers.
Underwriting
Insurance Expense Ratio and Combined Ratio Benchmarks
The US industry ran a 25.8% expense ratio in 2025. Lloyd's ran 35.6% and made more money. A benchmark is only useful once you know what it is measuring.
Industry Trends
Insurance Industry Ownership: Mutual vs Stock vs MGA Capital
Policyholders may own the insurer. Shareholders may own it. Or an underwriting team builds the product while somebody else carries every pound of the risk.
Statistics
Insurance Retention Rate Benchmarks 2026: By Line, Channel and Renewal Method
Goosehead reported 85% client retention and 90% premium retention for the same year. Neither figure is wrong, and that is the whole problem.
Statistics
Specialty Insurance Statistics and Insights 2026
Global flood losses came in at $3.4 billion against a $15.4 billion five-year average. Swiss Re calls that variability, not a smaller hazard.
Statistics
Takaful Market Size and Growth (2026)
One research firm sizes the global takaful market at $39.6 billion. The IFSB reports $71.1 billion of Islamic insurance assets. Both are right.
Claims
Travel Insurance Claims Statistics 2026: Payouts, Denials and Cycle Times
Medical expenses are about a third of UK travel claims and more than half the money paid out. The averages hide a case that passed a million pounds.
Statistics
Parametric Insurance: Key Statistics and Where it Makes Sense
Jamaica had $91.9 million in hand 14 days after Hurricane Melissa. Sizing the market that paid it is harder: the 2026 forecasts differ five-fold.
Statistics
Property and Casualty Insurance Industry Statistics 2026
US P&C insurers closed 2025 on a 92.9% combined ratio and a $68.7bn underwriting gain. Net income fell anyway. Both numbers are correct.
Statistics
Usage-Based Insurance Statistics 2026
34 million telematics policies are in force across Europe and North America, and roughly 10 million of them are in Italy.
Industry Trends
What the 2026 Climate Reports Mean for Insurance
Hurricane Melissa paid Jamaica's cat bond in full while insurers had their quietest half-year since 2020. The 2026 climate reports say not to trust the quiet.
Industry Trends
The Future of Insurance Technology: Predictions Worth Holding Us To
Insurance technology's flagship future went insolvent in Zurich in 2022. This piece grades the last decade's predictions before making five of its own, each falsifiable.
Statistics
Cannabis Insurance in 2026: The Line Nobody Can Size
No institutional premium series exists for cannabis insurance. What is measurable: licensed businesses are down 13% in two years while property rates rose up to 40%.
Statistics
2026 Cyber Insurance Statistics and Trends
US cyber premium fell 7% in 2024, the first decline in the market's history, while policy count held flat and loss ratios stayed strong. A price correction, not a retreat.
Statistics
Marine Insurance Statistics 2026: A Safer Fleet and a Record Loss
Total losses have fallen by nearly two thirds in a decade. In the same window one container ship cost the market $2.8bn. Frequency and severity have come apart.
AI Insurance
Agentic AI in Insurance: Why Most Pilots Never Reach Production
Only 11% of agentic AI use cases reached production last year. Cigna's claim-denial system got there on 1.2 seconds of human review. What the others did differently.
AI Insurance
AI Agent Insurance Products: The New Wave, and How to Launch One
Insurers spent two years writing AI out of standard policies and building a new market to replace it. Here is what Armilla, Munich Re, AIUC and Testudo sell.
Insurtech
The API Is the Product Now: Why Distribution Buys Integration Speed
A small MGA onboards a new distribution partner in three weeks. Fortune 100 carriers have been at the same problem for two years. Here is where the gap comes from.
Underwriting
Insurance Talent Shortage 2026: Why the Apprenticeship Broke
The retirement wave the industry forecast for years named 2026, and it is 2026. The harder problem is that the junior roles that used to backfill it have gone.
MGA
MGA Market 2026: Growth With Less Pricing Power
US MGA premium grew 12% in 2025 against the wider market's 5%. In the same window AM Best cut its outlook on the channel to stable. Both have one cause.
Innovation
Parametric Insurance Beyond Catastrophe: Cloud Outages, Sensors and AI Performance
Parametric cover used to mean hurricanes and earthquakes. In 2026 it pays out for cloud downtime, shaking at one building, and AI models that stop performing.
Industry Trends
The Two-Speed Market: How to Grow When Property Rates Fall and Casualty Rates Climb
In the same quarter, US property rates fell 13% and US casualty rates rose 7%. Calling that a soft market is costing people money. Here is what each half is doing.
Statistics
AI in Insurance Industry: Statistics, Trends, Adoption, and Investments (2026)
Market size, adoption rates, ROI data, and funding trends showing where AI is delivering real value across the insurance industry in 2026.
Statistics
Car Insurance Statistics and Facts (2026)
The latest car insurance data showing how premiums vary by state, age, gender, and vehicle brand, plus what's driving rising costs in 2026.
Statistics
Embedded Insurance Statistics and Market Dynamics (2026)
Market size, growth rates, regional dynamics, and product-line data showing how embedded insurance is reshaping distribution through 2034.
Trends
Insurance Industry and Insurtech Trends for 2026
The five insurtech trends shaping 2026: embedded distribution, targeted generative AI, parametric insurance, digital twins, and specialty lines.
Statistics
Life Insurance Statistics and Trends (2026)
Market size, ownership rates, the protection gap, product mix, and average costs shaping the global life insurance market in 2026.
Statistics
Pet Insurance Statistics, Facts and Trends (2026)
Pet insurance is scaling fast: North American premiums topped $5.2B in 2024 and the global market is projected to reach ~$79.6B by 2033.
See Openkoda in your context
Book a live, personalized demo with our product team - tell us your use case and see the platform work with your data. No commitment.