Theft Insurance Market Report 2026

The theft insurance market size has grown rapidly in recent years. It will grow from $1.14 billion in 2025 to $1.32 billion in 2026 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to rising incidents of financial and asset theft, expansion of electronic payment systems, increased urbanization and asset ownership, growth in commercial business activities, wider availability of insurance distribution channels.

The theft insurance market size is expected to see rapid growth in the next few years. It will grow to $2.33 billion in 2030 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to increasing cyber fraud occurrences, rising adoption of digital insurance platforms, expansion of data-driven underwriting models, growing need for customized theft insurance products, increasing regulatory focus on fraud prevention. Major trends in the forecast period include increasing adoption of fraud detection analytics, rising demand for comprehensive theft coverage, growing integration of cyber theft protection, expansion of digital policy distribution channels, enhanced focus on risk-based premium pricing.

The increasing adoption of electronic identification (e-ID) is expected to drive the growth of the theft insurance market. Electronic identification is a digital method of confirming a person's identity using electronic credentials, enabling secure access to services and transactions. As the demand for secure and convenient identity verification in digital interactions grows, electronic identification helps ensure compliance with regulatory standards while reducing fraud risks. Theft insurance plays a vital role in enhancing the security of electronic identification by encouraging businesses to adopt advanced identification technologies such as biometric authentication and RFID tracking to prevent fraud and streamline claims processing. For example, in December 2023, the Namirial Group, an Italy-based software company, reported that Italy’s digital identity user rate had reached 61%, marking a 7% increase from the previous year. Therefore, the rise in the adoption of electronic identification is contributing to the growth of the theft insurance market.

Companies in the theft insurance market are focusing on developing innovative solutions such as cloud-based protection to enhance security, improve real-time monitoring, and prevent unauthorized access. Cloud-based protection improves cybersecurity by offering scalability, continuous updates, and remote accessibility. It is commonly used for endpoint security, data loss prevention, threat intelligence, and web security. For example, in March 2024, HSB Group, a U.S.-based insurance company, introduced cyber insurance for automobiles. This coverage protects vehicle owners against cyber threats such as hacking, ransomware, and identity theft. It also covers personal data stored in connected vehicles and cloud systems. The policy provides financial support for cyberattacks, malware, and system restoration, along with identity recovery services and benefits such as towing and temporary transportation.

In April 2023, Hyundai Motor America, a U.S.-based luxury vehicle manufacturer, partnered with AAA Life Insurance Company. This collaboration aims to address the impact of vehicle theft by offering insurance coverage options for Hyundai customers affected by a theft method popularized on social media. The goal is to ensure that customers can secure and maintain auto insurance. AAA Life Insurance Company is a U.S.-based agency specializing in providing insurance policies, including theft insurance.

Major companies operating in the theft insurance market are Allianz SE, AXA SA, Zurich Insurance Group, The Travelers Companies Inc, Chubb Limited, AIG, Berkshire Hathaway Inc, Liberty Mutual Insurance Group, Munich Re, Swiss Re, Sompo Holdings Inc, Tokio Marine Holdings Inc, MAPFRE SA, Generali Group, Aviva plc, MetLife Inc, Prudential Financial Inc, CNA Financial Corporation, Fairfax Financial Holdings Limited, RSA Insurance Group, QBE Insurance Group, HDI Global SE.

North America was the largest region in the theft insurance market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the theft insurance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the theft insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The theft insurance market includes revenues earned by entities by providing services such as home theft insurance, auto theft insurance, business theft insurance, jewelers and valuables insurance, and cyber theft insurance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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