Rising company fraud rides strong

The global market size for crime insurance was estimated in 2024 to $ 16.24 billion and is expected to reach USD 56.14 billion by 2034 and will grow on a robust CAGR of 13.20% in the forecast period from 2025 to 2034.
Increasing cases of corporate fraud, dishonesty of employees, cybercrime and financial theft are companies to adopt crime insurance solutions as a critical risk management strategy. The market increasingly records industries such as banking, financial services, retail, manufacturing and government sectors.

Important market driver

• increasing incidence of company fraud
The growing complexity of business operations and digital transactions has escalated the risk of fraud, embezzlement, fake and data injuries.

• Strict regulatory requirements
Many industries are obliged to have crime insurance policies to protect the stakeholders and to meet the compliance standards.

• Cultivation of cyber criminance threats
With the digitization of financial transactions, the overlap of traditional crime and cyber risks has increased the demand for comprehensive insurance insurance.

• Need for financial risk reduction
Organizations are increasingly buying crime insurance to protect themselves from potentially devastating financial losses and reputation damage.

• Expansion of SMEs and startups
Small and medium-sized companies recognize the importance of crime insurance for the protection of limited resources from insider and outsider threats.

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Market segmentation highlights

1. By cover:

• dishonesty of the employees (dominant – 45.8% share in 2024)
Protects organizations from losses due to employee theft or fraud.

• fake and change
Covers losses of fake checks, designs or fraudulent changes.

• Fund transmission fraud
Increase due to sophisticated cyber applications for crime on digital bank transactions.

• Computer fraud
Increasing demand with the distribution of online systems and remote work environments.

• Other covers
Inclusion of credit card fraud, extortion and theft of third -party providers.

2. According to end user:

• Financial institutes
Leading segment (52.1% sales share in 2024); Banks and insurers are very susceptible to fraud and embezzlement.

• Companies and large companies
Multinational and large companies say goodbye to wide insurance policies for crime in order to cover various fraud risks.

• SME
Rapidly growing segment due to increasing awareness and affordable political options.

• Government and public sector
Public institutions are increasingly protecting public funds and assets from loss of fraud.

3. By distribution channel:

• Direct sales
Large companies and financial institutions prefer direct sales for a tailor -made coverage.

• Brokers and agents
Consideration of a significant share due to its advisory role in the selection of the guidelines.

• online
The aspiring channel with digital insurers who offer fast quotes and guidelines.

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Regional analysis

North America – market leader (41.2% share in 2024)
• Consciousness with high fraud and strict regulatory framework.
• Well-established insurers and mature corporate governance practices.
• Fast growth of the cyber criminal incidents that drive the introduction of the combined cover.

Europe
• Demand of GDPR, EU fraud guidelines and expansion of corporate risk management practices.
Asian-Pacific
• The fastest growing region due to increasing company fraud, digital banking transactions and regional regulatory reforms in countries such as India, China and Singapore.

South America & Mea
• Gradually introduction of rising fraud cases and the growing presence of multinational companies that need global insurance programs.

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Competitive landscape

The market for crime insurance is moderately competitive, and insurers focus on the development of flexible, tailor -made guidelines, the integration of cyber risk coverings and the expansion into undeveloped markets.

The most important players include:
• Zurich Insurance Group
• Assurant
• Allianz se
• The Hartford Financial Services Group
• Berkshire Hathaway
• Liberty Mutual Insurance Group
• Traveling companies
• The Hanover insurance group
• WR Berkley Corporation
• Safeco insurance
• Hiscoxl
• Markel Corporation
• Chubb Limited
• AIG

These companies improve underwriting processes, partnerships with brokers and invest in digital platforms to optimize the issue of guidelines and demands management.

Key market opportunities

• Increasing demand for cyber-crime-integrated guidelines
Insurers who offer bundled solutions that deal with traditional and digital crime risks gain the traction.

• SME market expansion
To tailor -made, affordable guidelines for small companies are significant growth potential.

• emerging market penetration
The insurers are expanding in developmental regions in which awareness of company fraud increases.

• Advanced risk analysis
The use of AI and big data for the recognition of fraud and the risk assessment becomes a competitive advantage.

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