Consumers in the United States increased their spending on auto insurance by roughly 75 percent between 2013 and 2023. In 2023, the average expenditure on vehicle insurance in the U.S. amounted to 1,775 U.S. dollars per consumer unit, up from 1,013 U.S. dollars 10 years earlier.

In 2022, there were more than ************* auto insurance claims submitted in Germany. The largest share was for comprehensive, or Vollkasko, insurance, which accounted for *** million claims, followed by third-party liability with **** million claims.

Property Insurance Complaints Statistics (Insurance Industry Development Center)

Since 2013, the total amount of net property insurance claims paid in the United Kingdom (UK) has increased overall, exceeding 20 billion British pounds in 2023. During that year, most of the money paid to the claims with the underwriting year 2022, amounting to almost nine billion British pounds.

Losses caused by lightning in the United States were the cause behind a total of 70,787 insurance claims paid by homeowner insurance companies in 2023. In 2008, lightning caused around 246,000 homeowner insurance claims in the same country.

Michigan had the most expensive car insurance premiums at 2,352 U.S. dollars for minimum coverage in 2023, though the premiums in many states fell in that year. The annual premium in Florida also fell by almost 1,000 U.S. dollars in 2023. This trend occurred in many high premium states. Why it varies state by state The huge variance in premiums between states is due to the difference in state laws, the percentage of uninsured drivers in the state, the frequency of natural disasters and claim rates. For instance, Michigan has a no-fault car insurance system, which means that claims are more common. This drives up the cost of insurance for all drivers because insurers need to pay out more money in claims. Male drivers also pay more There is also a difference between premiums among different age groups. In 2023, 20-year-old male drivers paid roughly 15 U.S. dollars more per month than 20-year-old female drivers did. This is due to the higher incidence of accidents in among young male drivers. This means that young drivers in states which already have higher premiums must pay a lot for car insurance.

Reinsurance: Premium Adequacy to Claim Paid Ratio data was reported at 0.000 % mn in Feb 2025. This records a decrease from the previous number of 0.000 % mn for Jan 2025. Reinsurance: Premium Adequacy to Claim Paid Ratio data is updated monthly, averaging 0.000 % mn from Jan 2016 (Median) to Feb 2025, with 110 observations. The data reached an all-time high of 0.001 % mn in Jan 2024 and a record low of 0.000 % mn in Dec 2020. Reinsurance: Premium Adequacy to Claim Paid Ratio data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Indonesia Premium Database’s Insurance Sector – Table ID.RGA006: Insurance Statistics: Claim Ratio.

The dataset contains Year Wise Insurer Wise Status of Claims of General and Health Insurers by Number of Policies from Handbook on Indian Insurance Statistics

Note: 1. Demerger of general insurance business of Bharti AXA General Insurance Co.Ltd. to ICICI Lombard General Insurance Co.Ltd. w.e.f April 01, 2021. 2. Zuno General Insurance Co. Ltd is formerly known as Edelweiss General Insurance Company Limited

Switzerland Non Life Insurance: Claims Paid: Liability and Motor data was reported at 4,676.000 CHF mn in 2016. This records a decrease from the previous number of 4,802.000 CHF mn for 2015. Switzerland Non Life Insurance: Claims Paid: Liability and Motor data is updated yearly, averaging 4,628.000 CHF mn from Dec 2000 (Median) to 2016, with 17 observations. The data reached an all-time high of 4,918.000 CHF mn in 2009 and a record low of 3,844.000 CHF mn in 2000. Switzerland Non Life Insurance: Claims Paid: Liability and Motor data remains active status in CEIC and is reported by Swiss Financial Market Supervisory Authority. The data is categorized under Global Database’s Switzerland – Table CH.RG011: Non Life Insurance: Claims Paid.

The data set contains the insurance company wise value of Life insurance claims settled. The information is as per the respective public disclosures of the insurance companies made on IRDAI portal.

The recent three years property insurance market mandatory car insurance claims ratio statistics - (historical year) (Insurance Bureau)

Number of employment insurance claims received by province and territory, last 5 months.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_abcfd12381e7f8d175280d999cdb2dea/view

Recent three years property insurance market injury insurance claim ratio statistics - (annual production) (Insurance Development Center)

As per Cognitive Market Research's latest published report, the Global Insurance Claims Management Solution market size is $15,764.89 Billion in 2024 and it is forecasted to reach $23,846.29 Billion by 2031. Insurance Claims Management Solution Industry's Compound Annual Growth Rate will be 6.09% from 2024 to 2031. Market Dynamics of the Insurance Claims Management Solution Market

Market Drivers of the Insurance Claims Management Solution Market

Growing Health Insurance Claims is Increasing the Demand for Global Insurance Claims Management Solution Market.

The increasing number of health insurance claims made globally is the main factor driving the growth of the global insurance claims management solutions market. The frequency and complexity of insurance claims in the healthcare industry have significantly increased in recent years, making the use of smart and effective claims management systems necessary. For instance, compared to July 2021, when growth was 9.9%, healthcare insurance increased by 34.2% year-to-date as of July 2022. A number of factors, such as the aging population, the increasing frequency of chronic diseases, and improved knowledge and accessibility to healthcare services, are responsible for this rise in health insurance claims.

In 2022, 90.3% of the population was covered by health insurance, a rise from 89.0% in 2021. (Source: United States Census Bureau). Adults in the middle age groups were the main drivers of this growth. There has been an apparent shift in disease trends as the world's population ages, with a rise in the prevalence of chronic illnesses that require protracted and intensive medical care. Health insurance claims have increased significantly as a result of this demographic trend, putting an immense amount of pressure on insurance companies to speed up their claims processing procedures. Effective claims management systems are critical to the insurance industry because of the complex nature of healthcare services and the requirement for accurate documentation and quick processing. In addition, spending on private health insurance increased 5.9% in 2022 to $1,289.8 billion.

Increasing Demand for Faster Insurance Claims by Individuals is Driving the Demand for Insurance Claims Management Solution Market.

Shifting customer expectations are driving an enormous shift in the insurance sector. The growing need for quicker and more effective insurance claim processing is one of the main factors driving how the insurance services industry is changing. People anticipate the same degree of efficiency and speed when it comes to insurance claims as they grow increasingly proficient in technology and used to ideal digital interactions in many areas of their life. For instance, by 2025, it's possible that 90% of contacts with insurance customers will be digital.

Customers of insurance prioritize quick claims processing and reimbursements. Approximately 66% of insurance clients want immediate feedback while their claims are processed. In addition, it is essential to make sure that consumers can update contact information, modify their coverage, read policy papers, begin and monitor claims online, as indicated by the 77% of auto insurance customers who prefer digital claims procedures. The insurance sector has experienced a sharp increase in the use of insurance claims management systems in response to this expanding demand. These solutions use modern technologies like automation, machine learning, and artificial intelligence to speed up and simplify the claims procedure. Insurance claims have historically been seen as a long and difficult part of the insurance process, sometimes including extensive paperwork, manual evaluations, and delayed reimbursements. In order to solve these issues and improve the client experience as a whole, there has been a trend towards digitalization and the integration of advanced claims management tools.

In addition to customer expectations, evolving risks and catastrophes also have an impact on the requirement for speedier insurance claims processing. Processing an increasing number of claims quickly is a difficulty for the insurance sector due to the emergence of new and complicated hazards like cyber-attacks and natural catastrophes. Solutions for insurance claims management are essential for addressing these many and changing problems because they give insurers the means to quickly eva...

Claims Adjusting industry companies handle property claims involving damage to structures and liability claims involving personal injuries or third-person property damage. Insurance carriers and third-party claim-adjusting establishments have increasingly relied on these services to reduce operating costs and improve efficiency. Success in the industry is contingent on various factors, including professional experience, positive track record, cost-effectiveness and compliance. Since claims adjusters are an ancillary service to insurance providers, industry trends align with the broader finance and insurance sector. Overall, industry-wide revenue has been growing at a CAGR of 1.9% to $11.7 billion over the past five years, including an expected increase of 1.0% in 2024 alone. Strong industry revenue growth was limited somewhat by poor economic conditions in 2020 due to the pandemic. Also, an increase in individuals working from home contributed to a drop in vehicle traffic, resulting in a decline in automobile insurance claims in 2020. However, following the pandemic and stay-at-home restrictions, vehicle traffic increased significantly as individuals returned to the office, increasing demand for automobile insurance claims. Also, the number of motor vehicle registrations climbed, which boosted demand for automobile insurance. The rise in the homeownership rate helped boost demand for home insurance. The jump in devastating natural disasters increased demand for property claims and drove revenue growth. Furthermore, rising per capita disposable income has enabled consumers to increase their insurance coverage, increasing shares and growing claims adjustments. Industry revenue is forecast to grow at a CAGR of 1.1% to $12.4 billion over the five years to 2029. Rising vehicle traffic and the frequency and severity of natural disasters will bolster demand for claims-adjusting services. Moreover, as the broader finance and insurance sector expands, relevant companies will continuously outsource claims adjusting services, benefiting industry demand. During the outlook period, declines in the homeownership rate and in the number of vehicle accidents will reduce demand for insurance, contributing to limiting revenue growth. In addition, the Fed is anticipated to continue cutting interest rates as inflationary pressures ease, which will give way to investment in new businesses.

This dataset contains an annual summary of the statewide Unemployment Insurance claims and payment activities in Iowa. This data is based on the ETA-5159 report that IWD submits to the US Department of Labor, Employment and Training Administration. (The number of UI recipients is the only exception.)

The number of individual life insurance benefit claims in the life insurance industry over the past five years (Insurance Information Institute)

Myanmar Non Life Insurance: Claims Paid: Fire data was reported at 2,567.140 MMK mn in 2017. This records an increase from the previous number of 1,786.140 MMK mn for 2016. Myanmar Non Life Insurance: Claims Paid: Fire data is updated yearly, averaging 208.670 MMK mn from Mar 1986 (Median) to 2017, with 24 observations. The data reached an all-time high of 4,725.660 MMK mn in 2009 and a record low of 3.030 MMK mn in 1991. Myanmar Non Life Insurance: Claims Paid: Fire data remains active status in CEIC and is reported by Central Statistical Organization. The data is categorized under Global Database’s Myanmar – Table MM.Z002: Insurance Statistics.

Incurred losses for commercial insurance in the United States rose year-on-year between 2013 and 2023. In 2023, the commercial insurance losses reached 222.5 billion U.S. dollars, up from 110.4 billion U.S. dollars in 2013.