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.
Category
Insurance Market News
Articles on Insurance Market News from the Openkoda team.
Claims
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.
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
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.
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.
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.
AI
Generative AI Use Cases in Insurance Industry
Where generative AI actually delivers value in insurance today, what early pilots taught the industry, and how to adopt it responsibly.
Product News
Openkoda Announces the Release of Openkoda 2.0
Openkoda 2.0 launches as an enterprise platform for building modern insurance applications with Generative AI and pre-built templates.
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