Market Overview:
The global crime insurance market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing incidences of crime and the subsequent need for risk mitigation measures, such as insurance cover. In addition, the growing awareness about crime insurance among individuals and businesses is also contributing to the market growth. The global crime insurance market can be segmented on the basis of type, application, and region. On the basis of type, fraud cover, forgery cover, theft cover, kidnapping cover and others are included in this study. Theft cover dominates this segment owing to its high demand in developed countries across North America and Europe regions where burglary rates are high as compared to other regions globally. Kidnapping coverage has witnessed a significant rise in demand over recent years due to an increase in kidnappings incidents around the world; it is expected that this trend will continue during forecast period 2018-2030 .On account of growing applications such as e-commerce frauds & cybercrime ,forgery coverage is anticipated witness highest CAGR during forecast period .
Product Definition:
Crime insurance is a form of property and casualty insurance that indemnifies businesses against losses incurred from criminal acts, such as theft or vandalism. The importance of crime insurance lies in the fact that it can help businesses recover from unexpected financial losses caused by criminal activity.
Fraud Cover:
Fraud cover is a type of insurance that reimburses an insurer for losses incurred due to fraud or theft. It is also known as pay-out insurance, named after the way it is paid out - in cash. The amount of money covered by this type of policy depends on the severity and frequency of fraudulent activities. This form of coverage can be added to an existing life or health policy, bond, surety contract, fidelity bond or any other security instrument.
Forgery Cover:
Forgery cover is a type of insurance that protects the insured against losses caused by fraudulent activities. It helps in proving the authenticity of an original document and prevents losses incurred due to forgery. The main objective of this policy is to avoid financial loss and prove that a certain document is authentic.
The global forgery cover market size was valued at USD 1,19,848.1 million in 2016.
Application Insights:
The individuals segment held the largest share of over 60.0% in 2017. The growth can be attributed to the rising number of terrorist attacks globally and increasing awareness about personal safety among travelers, especially in developed economies like U.S., Canada, and France. Furthermore, a rise in tourism is expected to boost the demand for crime insurance policies for individuals traveling on tours or individual travels across various regions including Asia Pacific and Middle East & Africa over the forecast period.
The SMEs segment is expected to grow at a significant rate during the forecast period owing to increasing investments by governments in infrastructure development along with technological advancements that have fueled economic growth across various developing countries including China, India, Brazil etcetera since past few years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing crime rates, especially in developing countries such as India and China. For instance, according to NCB International Bank Limited, money laundering activities are on a rise in India which is further anticipated to increase the demand for crime insurance products over the coming years.
The Asia Pacific region accounted for more than 30% of global revenue share in 2017 and this trend is expected continue until 2030 due to rising economic development coupled with an increasing population base across emerging economies such as China and India.
Growth Factors:
- Increasing crime rates in the world
- Growing awareness about the benefits of crime insurance
- Rising demand for customized insurance products
- Proliferation of online platforms for buying crime insurance policies
- Implementation of stringent regulations by governments to promote use of crime insurance
Scope Of The Report
Report Attributes
Report Details
Report Title
Crime Insurance Market Research Report
By Type
Fraud Cover, Forgery Cover, Theft Cover, Kidnapping Cover, Others
By Application
Individuals, Small & Medium Sized Enterprises, Large Enterprises
By Companies
Nationwide Mutual Insurance Company, American International Group, Inc., Morris & Reynolds Insurance, Chubb, Allianz SE, The Travelers Companies, Inc., HDFC ERGO General Insurance Company Limited., JS Downey Insurance Service, The Guarantee Company of North America
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Crime Insurance Market Report Segments:
The global Crime Insurance market is segmented on the basis of:
Types
Fraud Cover, Forgery Cover, Theft Cover, Kidnapping Cover, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individuals, Small & Medium Sized Enterprises, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nationwide Mutual Insurance Company
- American International Group, Inc.
- Morris & Reynolds Insurance
- Chubb
- Allianz SE
- The Travelers Companies, Inc.
- HDFC ERGO General Insurance Company Limited.
- JS Downey Insurance Service
- The Guarantee Company of North America
Highlights of The Crime Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fraud Cover
- Forgery Cover
- Theft Cover
- Kidnapping Cover
- Others
- By Application:
- Individuals
- Small & Medium Sized Enterprises
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Crime Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Crime insurance is a type of coverage that helps protect individuals and businesses from losses caused by crime. This coverage can help cover costs associated with things like property damage, theft, and vandalism.
Some of the major companies in the crime insurance market are Nationwide Mutual Insurance Company, American International Group, Inc., Morris & Reynolds Insurance, Chubb, Allianz SE, The Travelers Companies, Inc., HDFC ERGO General Insurance Company Limited., JS Downey Insurance Service, The Guarantee Company of North America.
The crime insurance market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Crime Insurance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Crime Insurance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Crime Insurance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Crime Insurance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Crime Insurance Market Size & Forecast, 2018-2028
4.5.1 Crime Insurance Market Size and Y-o-Y Growth
4.5.2 Crime Insurance Market Absolute $ Opportunity
Chapter 5 Global Crime Insurance Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Crime Insurance Market Size Forecast by Type
5.2.1 Fraud Cover
5.2.2 Forgery Cover
5.2.3 Theft Cover
5.2.4 Kidnapping Cover
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Crime Insurance Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Crime Insurance Market Size Forecast by Applications
6.2.1 Individuals
6.2.2 Small & Medium Sized Enterprises
6.2.3 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Crime Insurance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Crime Insurance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Crime Insurance Analysis and Forecast
9.1 Introduction
9.2 North America Crime Insurance Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Crime Insurance Market Size Forecast by Type
9.6.1 Fraud Cover
9.6.2 Forgery Cover
9.6.3 Theft Cover
9.6.4 Kidnapping Cover
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Crime Insurance Market Size Forecast by Applications
9.10.1 Individuals
9.10.2 Small & Medium Sized Enterprises
9.10.3 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Crime Insurance Analysis and Forecast
10.1 Introduction
10.2 Europe Crime Insurance Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Crime Insurance Market Size Forecast by Type
10.6.1 Fraud Cover
10.6.2 Forgery Cover
10.6.3 Theft Cover
10.6.4 Kidnapping Cover
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Crime Insurance Market Size Forecast by Applications
10.10.1 Individuals
10.10.2 Small & Medium Sized Enterprises
10.10.3 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Crime Insurance Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Crime Insurance Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Crime Insurance Market Size Forecast by Type
11.6.1 Fraud Cover
11.6.2 Forgery Cover
11.6.3 Theft Cover
11.6.4 Kidnapping Cover
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Crime Insurance Market Size Forecast by Applications
11.10.1 Individuals
11.10.2 Small & Medium Sized Enterprises
11.10.3 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Crime Insurance Analysis and Forecast
12.1 Introduction
12.2 Latin America Crime Insurance Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Crime Insurance Market Size Forecast by Type
12.6.1 Fraud Cover
12.6.2 Forgery Cover
12.6.3 Theft Cover
12.6.4 Kidnapping Cover
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Crime Insurance Market Size Forecast by Applications
12.10.1 Individuals
12.10.2 Small & Medium Sized Enterprises
12.10.3 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Crime Insurance Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Crime Insurance Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Crime Insurance Market Size Forecast by Type
13.6.1 Fraud Cover
13.6.2 Forgery Cover
13.6.3 Theft Cover
13.6.4 Kidnapping Cover
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Crime Insurance Market Size Forecast by Applications
13.10.1 Individuals
13.10.2 Small & Medium Sized Enterprises
13.10.3 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Crime Insurance Market: Competitive Dashboard
14.2 Global Crime Insurance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nationwide Mutual Insurance Company
14.3.2 American International Group, Inc.
14.3.3 Morris & Reynolds Insurance
14.3.4 Chubb
14.3.5 Allianz SE
14.3.6 The Travelers Companies, Inc.
14.3.7 HDFC ERGO General Insurance Company Limited.
14.3.8 JS Downey Insurance Service
14.3.9 The Guarantee Company of North America
