Identity Theft Insurance Market Trends and Forecasts, 2020-2023 & 2024-2030 Featuring NortonLifeLock, Aura, Nationwide Mutual, IdentityForce, McAfee, Allstate, Chubb, GEICO, IDShield, Experian - ResearchAndMarkets.com

DUBLIN: The "Global Identity Theft Insurance Market: Market Size, Trends, Opportunities and Forecast by Theft Type, Distribution Channel, End-User, Region, By Country: 2020-2030" report has been added to ResearchAndMarkets.com's offering.

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 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.

Report Highlights

• 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
• 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.

Key Companies

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

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)

For more information about this report visit https://www.researchandmarkets.com/r/zdelbc

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Fonte: Business Wire