The global market for Crime Insurance was estimated at US$16.8 Billion in 2024 and is projected to reach US$35.4 Billion by 2030, growing at a CAGR of 13.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Crime Insurance market.
This insurance class plays a crucial role in risk transfer for organizations that manage large cash flows, decentralized operations, or high-trust employee roles in accounting, procurement, and treasury. With white-collar crimes often going undetected for years and resulting in substantial financial and reputational losses, crime insurance serves as both a financial safeguard and a governance enhancer. It is particularly vital for regulated industries such as banking, healthcare, and legal services where fiduciary duties and trust-based roles are subject to increasing scrutiny.
Loss detection, documentation, and claims recovery are being supported by forensic accounting services and digital evidence protocols, often offered as part of insurer loss prevention programs. Pre-claim advisory services, employee training modules, and fraud risk assessments are also being introduced to strengthen policyholders’ internal controls, thereby reducing claims frequency and improving underwriting outcomes.
Insurtech platforms are transforming how crime risks are underwritten, monitored, and priced. AI-based fraud detection, behavioral risk scoring, and anomaly surveillance tools are increasingly used in policyholder assessments. Real-time telemetry from financial systems, internal audit tools, and cyber monitoring platforms can now be integrated into insurer platforms, enabling dynamic underwriting and claims alerts.
Retailers, manufacturers, and logistics operators are purchasing crime insurance to cover inventory theft, procurement collusion, and warehouse fraud. In the construction and real estate sectors, crime policies cover forgery of payment instruments and kickback schemes in contractor management. Even small and medium enterprises (SMEs) are adopting crime policies, often as part of broader commercial package policies, recognizing the rising sophistication and persistence of fraud threats.
Regionally, North America remains the largest market due to regulatory requirements (e.g., financial fidelity bonds), high litigation exposure, and strong uptake by the financial sector. Europe and Asia-Pacific are seeing increased penetration, driven by compliance mandates under GDPR, PSD2, and regional anti-corruption laws. Latin America and the Middle East are also witnessing growing interest as digitization accelerates and awareness of financial crime risks rises among mid-market enterprises and public sector organizations.
Rising adoption of digital payment platforms, remote financial operations, and cloud-based accounting tools is expanding the attack surface for fraud, making traditional internal audits insufficient on their own. Crime insurance provides a safety net that complements internal controls, mitigates reputational damage, and ensures liquidity in the event of uncovered losses.
Moreover, insurers are increasingly offering modular and industry-specific policy structures, making crime coverage more accessible to mid-sized firms and startups. The convergence of financial crime and cybersecurity risks is also prompting carriers to expand coverage definitions and develop new actuarial models. As fraud schemes evolve and global regulatory oversight intensifies, crime insurance is becoming a strategic layer in enterprise risk architecture, ensuring resilience and financial recovery in an era of growing economic, digital, and human risk.
Global Crime Insurance Market - Key Trends & Drivers Summarized
Why Is Crime Insurance Becoming a Critical Component of Enterprise Risk Portfolios?
Crime insurance, also known as fidelity insurance, is gaining renewed importance as businesses face increasing exposure to both internal and external financial threats, including employee fraud, embezzlement, forgery, cyber-enabled theft, vendor fraud, and third-party collusion. In an age of digital finance and remote operations, the traditional lines between cybercrime and commercial crime have blurred, compelling companies to adopt broader, more agile coverage frameworks that shield against financial loss arising from intentional misconduct.This insurance class plays a crucial role in risk transfer for organizations that manage large cash flows, decentralized operations, or high-trust employee roles in accounting, procurement, and treasury. With white-collar crimes often going undetected for years and resulting in substantial financial and reputational losses, crime insurance serves as both a financial safeguard and a governance enhancer. It is particularly vital for regulated industries such as banking, healthcare, and legal services where fiduciary duties and trust-based roles are subject to increasing scrutiny.
What Coverage Innovations and Digital Threat Dynamics Are Shaping Modern Crime Insurance Policies?
Crime insurance is evolving to cover a broader spectrum of loss types, perpetrators, and access points. Modern policies include coverage for computer fraud, funds transfer fraud, social engineering schemes, and impersonation attacks, reflecting the intersection between cyber tactics and financial theft. Insurers are increasingly bundling crime and cyber liability policies or offering endorsements that bridge these exposures especially for phishing-induced wire transfers and manipulated vendor instructions.Loss detection, documentation, and claims recovery are being supported by forensic accounting services and digital evidence protocols, often offered as part of insurer loss prevention programs. Pre-claim advisory services, employee training modules, and fraud risk assessments are also being introduced to strengthen policyholders’ internal controls, thereby reducing claims frequency and improving underwriting outcomes.
Insurtech platforms are transforming how crime risks are underwritten, monitored, and priced. AI-based fraud detection, behavioral risk scoring, and anomaly surveillance tools are increasingly used in policyholder assessments. Real-time telemetry from financial systems, internal audit tools, and cyber monitoring platforms can now be integrated into insurer platforms, enabling dynamic underwriting and claims alerts.
Who Are the Primary Policyholders and How Are Industry-Specific Risks Driving Demand?
Crime insurance is widely adopted across industries where financial transactions, sensitive data, and supply chain interactions are integral to operations. Financial institutions, investment managers, and fintech firms rely on comprehensive fidelity coverage for employee dishonesty, client fund theft, and unauthorized transactions. Healthcare providers, law firms, and NGOs procure coverage for billing fraud, check tampering, and donor fund misappropriation.Retailers, manufacturers, and logistics operators are purchasing crime insurance to cover inventory theft, procurement collusion, and warehouse fraud. In the construction and real estate sectors, crime policies cover forgery of payment instruments and kickback schemes in contractor management. Even small and medium enterprises (SMEs) are adopting crime policies, often as part of broader commercial package policies, recognizing the rising sophistication and persistence of fraud threats.
Regionally, North America remains the largest market due to regulatory requirements (e.g., financial fidelity bonds), high litigation exposure, and strong uptake by the financial sector. Europe and Asia-Pacific are seeing increased penetration, driven by compliance mandates under GDPR, PSD2, and regional anti-corruption laws. Latin America and the Middle East are also witnessing growing interest as digitization accelerates and awareness of financial crime risks rises among mid-market enterprises and public sector organizations.
What Is Driving the Expansion of the Global Crime Insurance Market?
The growth in the crime insurance market is driven by the increasing complexity, frequency, and financial impact of occupational fraud and third-party financial misconduct. High-profile fraud incidents and regulatory enforcement actions have heightened board-level awareness of internal control risks, prompting CFOs and risk managers to seek comprehensive coverage for intentional acts that fall outside cyber, property, or general liability policies.Rising adoption of digital payment platforms, remote financial operations, and cloud-based accounting tools is expanding the attack surface for fraud, making traditional internal audits insufficient on their own. Crime insurance provides a safety net that complements internal controls, mitigates reputational damage, and ensures liquidity in the event of uncovered losses.
Moreover, insurers are increasingly offering modular and industry-specific policy structures, making crime coverage more accessible to mid-sized firms and startups. The convergence of financial crime and cybersecurity risks is also prompting carriers to expand coverage definitions and develop new actuarial models. As fraud schemes evolve and global regulatory oversight intensifies, crime insurance is becoming a strategic layer in enterprise risk architecture, ensuring resilience and financial recovery in an era of growing economic, digital, and human risk.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Fraud Cover segment, which is expected to reach US$16.8 Billion by 2030 with a CAGR of a 15.4%. The Forgery Cover segment is also set to grow at 10.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $4.6 Billion in 2024, and China, forecasted to grow at an impressive 18.1% CAGR to reach $7.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Crime Insurance Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Crime Insurance Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Crime Insurance Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as AIG (American International Group, Inc.), Allianz SE, Aon PLC, Arthur J. Gallagher & Co., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 44 companies featured in this Crime Insurance market report include:
- AIG (American International Group, Inc.)
- Allianz SE
- Aon PLC
- Arthur J. Gallagher & Co.
- Aviva plc
- AXA SE
- Beazley plc
- Berkshire Hathaway Specialty Insurance
- Chubb
- CNA Financial Corporation
- Great American Insurance Group
- HDFC ERGO General Insurance Company Limited
- Morris & Reynolds Insurance
- Nationwide Mutual Insurance Company
- QBE Insurance Group
- RSA Insurance Group
- Sompo International
- The Travelers Companies, Inc.
- Zurich Insurance Group
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AIG (American International Group, Inc.)
- Allianz SE
- Aon PLC
- Arthur J. Gallagher & Co.
- Aviva plc
- AXA SE
- Beazley plc
- Berkshire Hathaway Specialty Insurance
- Chubb
- CNA Financial Corporation
- Great American Insurance Group
- HDFC ERGO General Insurance Company Limited
- Morris & Reynolds Insurance
- Nationwide Mutual Insurance Company
- QBE Insurance Group
- RSA Insurance Group
- Sompo International
- The Travelers Companies, Inc.
- Zurich Insurance Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 284 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 16.8 Billion |
| Forecasted Market Value ( USD | $ 35.4 Billion |
| Compound Annual Growth Rate | 13.2% |
| Regions Covered | Global |
