Verisk: What’s Driving UK Property Claims Costs in 2026? Key Insights for MGAs
14th September 2026
Property claims costs continue to evolve as repair trends, labour availability, material pricing and weather events reshape the claims landscape. For MGAs, staying ahead of these shifts is critical to managing loss ratios, reserving accurately and maintaining profitability.
Drawing on Verisk’s unique combination of claims data, pricing intelligence and market analysis, our latest Property Executive Insights summary highlights the trends currently influencing property claims across the UK.
Among the key findings:
- Escape of Water remains the dominant cause of property claims, continuing to account for a significant proportion of claims activity across many portfolios.
- Weather-related claims volumes have returned to more typical levels, following periods of heightened volatility.
- Labour and material costs continue to fluctuate, with variation across both regions and trades impacting repair and reinstatement costs.
- Energy and commodity prices remain influential factors, affecting the overall cost of repairs and claims settlement.
The insights are backed by data from Verisk’s Pricing Data Services and Property Claims Hub, one of the property insurance industry’s largest full-cycle claims management and analytical networks. Each quarter, Verisk analyses more than 100,000 material and equipment price points, reviews 4,000 building material line items, and tracks rates across 32 construction trades and nine UK regions.
For MGAs writing property business, understanding these trends can help support better underwriting decisions, more accurate pricing assumptions and improved claims outcomes.
Download the latest Property Executive Insights summary below to explore the data, trends and market developments shaping property claims costs across the UK and Ireland.
Download here: Verisk Property Reports: UK Claims Material and Labour Pricing Data | Verisk
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