Global Identity Theft Insurance Market (2024 Edition): Market Size, Trends, Opportunities and Forecast by Theft Type (Bank Fraud, Credit Card Fraud , Phone or Utilities Fraud, Employment or Tax-Related Fraud and Other Theft Types), Distribution Channel,

Global Identity Theft Insurance Market (2024 Edition): Market Size, Trends, Opportunities and Forecast by Theft Type (Bank Fraud, Credit Card Fraud , Phone or Utilities Fraud, Employment or Tax-Related Fraud and Other Theft Types), Distribution Channel, End-User, Region, By Country: 2020-2030

Background

A report published by Azoth Analytics highlights different factors and opportunities prevailing in the “Global Identity Theft Insurance Market (2024 Edition)”. According to the report, Global Identity Theft Insurance Market was valued at USD 660.01 Million in 2023 is expected to grow at a CAGR of 15.43% during 2025-2030.

The report explores a multi-faceted opportunity landscape in terms of market segmentation by Theft Type (Bank Fraud, Credit Card Fraud , Phone or Utilities Fraud, Employment or Tax-Related Fraud and Other Theft Types), By Distribution Channel (Direct Sales, Online Sales, Agents & Brokers and Bancassurance) and By End-User (Business and Individuals)

Market Overview

The Identity Theft Insurance market is experiencing steady growth due to the rising number of identity theft cases globally. As cybercriminals develop more sophisticated methods for stealing personal and financial information, the demand for insurance products that cover financial losses and recovery expenses related to identity theft has increased. Identity theft insurance provides policyholders with protection against unauthorized use of their personal data.

Key drivers of the market include the increasing reliance on digital transactions, the rising awareness of the risks associated with online identity theft, and the growing adoption of cyber insurance policies. The shift towards a digital economy, coupled with the increasing prevalence of data breaches, has made individuals and businesses more concerned about protecting their identity and personal information.

Technological advancements in cybersecurity tools, fraud detection, and identity monitoring services are also driving the market for identity theft insurance. Insurers are focusing on providing comprehensive coverage options, which include monitoring services, recovery assistance, and financial reimbursement.

Geographical Insights

Americas leads the Identity Theft Insurance market, driven by high digital penetration, the rise of e-commerce, and frequent cases of identity theft. The United States, in particular, has a mature market for identity theft insurance. The Asia-Pacific region is expected to see the highest growth rate, with increasing awareness of digital security risks in countries such as India, China, and Japan.

Market Segmentation

By Theft Type:

• Bank Fraud
• Credit Card Fraud
• Phone or Utilities Fraud
• Employment or Tax-Related Fraud
• Other Theft Types

By Distribution Channel:

• Direct Sales
• Online Sales
• Agents & Brokers
• Bancassurance

By End-User:

• Business
• Individuals

By Geography

• Americas (The United States, Canada, Brazil, Mexico, Rest of Americas)
• Europe (United Kingdom, Germany, France, Italy, Spain, Turkey, Russia, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Singapore, Indonesia, Rest of Asia Pacific)
• Middle East and Africa (GCC, Israel, South Africa, Rest of Middle East and Africa)

Key Companies

The report assesses the competitive developments, strategies, mergers and acquisitions and new product development and market share portfolio of top 15 companies. Key companies in the Global Identity Theft Insurance Market include:

• NortonLifeLock Inc.
• Aura
• Nationwide Mutual Insurance Company
• IdentityForce, Inc.
• McAfee, LLC
• Allstate Insurance Company
• Chubb
• GEICO
• IDShield
• Experian
• Other Leading Companies

Reasons to buy this report:

• In-Depth Comparative Assessment of Top 20 Markets in the Identity Theft Insurance Market Distribution Channel: Comparative assessment of 20 leading countries highlighting the total addressable market, opportunities, lucrative segments and competitive positioning of leading companies.
• Comprehensive Historical, Present, and Future Analytics of the Identity Theft Insurance Market: A deep dive in the historical (2020-2023), current (2024) and forecast (2025-2030) market analytics of Identity Theft Insurance Market.
• Detailed Analysis of Identity Theft Insurance Market By Theft Type, Distribution Channel, and End-User Across 20 Countries
• Beyond the Purchase: 90 Days of Support
• Direct Access to Analysts: Have questions after reading the report? Our expert analysts are just a call or email away.
• Customized Assistance: Whether you're integrating insights into your strategy or have questions about market dynamics, our team provides tailored support to meet your specific business needs.
• Data Customization Requests: During the support period, you have the flexibility to request additional data cuts or deeper dives into specific areas of interest.
• Gain insights specific to new entrants or new market areas to tap: The study provides detailed market entry strategies, including analysis of barriers to entry, pricing strategies, opportunities, trends, drivers, and challenges and product positioning using the Opportunity Portfolio Matrix (OPM)
• Strategic Distribution Channel Movements: Tracking Competitive Developments and Key Players in the Market: The report covers competitive strategies, mergers & acquisitions, new developments, future plans and market share analysis of ~15 top companies.

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