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Insurance Risk Paradox: Claims Volume Declined but Risk is More Elevated and Concentrated, New Verisk Report Finds

globenewswire.com
VRSK The article discusses Verisk's report on insurance risk trends. While claims volume declined, underlying risks are more complex and concentrated, leading to more severe losses for insurers. Verisk's data analytics capabilities are highlighted as a tool to navigate these changing risks.

Insurance Risk Paradox: Claims Volume Declined but Risk is More Elevated and Concentrated, New Verisk Report Finds JERSEY CITY, N.J., April 14, 2026 (GLOBE NEWSWIRE) -- Insurance claims declined in 2025, but the underlying risks became more complex and concentrated, leading to more severe and challenging losses for many insurers, according to Verisk’s Annual Insurance Claims Trends Report, drawing on insights from ClaimSearch ®.

Key Findings:

Fewer claims, more complex risk dynamics

According to findings from Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry:

“Claims data is often the earliest signal of how risk is changing,” said Shane Riedman, president, anti-fraud analytics, at Verisk. “Even as overall volumes declined in 2025, the underlying loss patterns tell a very different story. This report analyzes claims activity at scale, and can help insurers better gauge risk, anticipate emerging risks, identify subrogation opportunities and make smarter decisions for the year ahead.”

Emerging risks are already visible in claims data

From gig-economy to forever chemicals, emerging risks are already embedded in today’s claims activity. From 2021 to 2025:

California wildfires' smoke damage emerges as a major loss driver

The January 2025 Los Angeles wildfires resulted in devastating loss, when comparing claims activity to previous California wildfire events— such as the Camp Fire and Tubbs Fire:

Auto theft becomes more targeted

While overall personal auto theft claims volume declined sharply in 2024 and 2025, theft risk has become more concentrated.

Download the full report: ClaimSearch® Trends - Year-end Analysis

About Verisk

Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, catastrophic events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work. For more, visit Verisk.com and the Verisk Newsroom.