NAIC to Enhance 2026 Homeowners Insurance Data Call for Improved Market Insights
The National Association of Insurance Commissioners (NAIC) is preparing for its next homeowners insurance data call, set to take place in 2026. This data collection will cover insurance activity from 2018 through 2025 and aims to enhance the comprehensiveness and utility of homeowners insurance data. The initiative comes after prior criticism regarding limited transparency in a 2024 data call. The forthcoming data call will include detailed reporting on paid claims by peril type, company-initiated cancellations, premiums related to canceled policies, policies in force, and mitigation discounts mandated at the state level. Key stakeholders emphasize that improved data quality is critical for understanding market dynamics, protecting consumers, and supporting regulatory strategies including climate resilience. The data call framework was recently approved by the NAIC's Property and Casualty Insurance Committee following input from task force members representing state insurance departments. Data submission will likely occur during summer 2026, facilitating timely regulatory oversight and market analysis. NAIC leadership highlights significant progress since the previous data collection effort, viewing the revised data call as a more balanced and informative approach. Adjacent to this development, Verisk introduced its Regulatory Data Exchange (RDeX) platform to the NAIC committee. The RDeX tool enables detailed analysis of claims and policy data, helping states like Tennessee, North Carolina, and South Carolina effectively monitor claims activity after recent disasters such as Hurricane Helene. This enhanced data collection and analytic capacity aligns with broader industry trends emphasizing technology integration, parametric insurance advancements, and the impact of environmental factors on insurance pricing and property values. Strengthened data insights contribute to regulatory compliance and market stability, while also supporting innovations in risk mitigation and claims processing.