Executive Protection Firm Insurance Global Market Report 2025

The executive protection firm insurance market size has grown strongly in recent years. It will grow from $2.02 billion in 2024 to $2.2 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be linked to rising security threats, an increase in high-net-worth individuals, growth in corporate risk management, the frequency of kidnapping and ransom incidents, and regulatory requirements for protective services.

The executive protection firm insurance market size is expected to see strong growth in the next few years. It will grow to $3.05 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be driven by rising geopolitical tensions and political instability, expansion of the private security sector, increased corporate travel to high-risk regions, rising demand for integrated cyber and physical protection, and stricter liability and insurance regulations. Major trends in the forecast period include technological advancements in threat detection, a shift toward preventive risk management strategies, a focus on customized executive protection policies, biometric access and facial recognition technologies, and the cyber-physical fusion of digital and physical security protocols.

The increasing complexity of security threats is expected to drive the growth of the executive protection firm insurance market. Security threats encompass potential dangers posed by malicious actors using advanced techniques to compromise systems, steal data, and conduct fraud. The growing sophistication of cybercrime, including evolving digital attacks and social engineering tactics, has heightened exposure to risks such as data breaches, financial fraud, and reputational damage. For example, in March 2024, the FBI’s Internet Crime Complaint Center (IC3) reported that complaints increased from 800,944 in 2022 (with losses exceeding $10.3 billion) to 880,418 in 2023 (with losses exceeding $12.5 billion), reflecting a 10% rise in complaints and a 22% increase in financial losses.

The increase in high-net-worth individuals (HNWIs) is propelling market growth. HNWIs - people with investable assets exceeding $1 million - are growing in number due to asset appreciation, financial-market gains, and expanding investment opportunities. Rising private wealth drives demand for executive protection services and the associated insurance coverage to safeguard individuals, their families, and assets. According to UBS Group AG, global wealth is projected to grow by 38% over the next five years, reaching USD 629 trillion by 2027. Wealth per adult is expected to reach USD 110,270, the number of millionaires is forecasted to rise to 86 million, and ultra-high-net-worth individuals (UHNWIs) could reach 372,000 by 2027.

The expansion of corporate travel is supporting market growth. Corporate travel, including employee trips for meetings, conferences, and client visits, has rebounded as businesses emphasize in-person interactions for stronger relationships and revenue growth. Increased business travel raises demand for executive protection insurance to manage risks faced by traveling executives and employees. For instance, in June 2024, the Australian Trade and Investment Commission reported that tourism-related businesses numbered 360,202, a 0.7% increase compared with June 2023.

Major companies operating in the executive protection firm insurance market are Allianz SE, Zurich Insurance Group Ltd., Chubb Limited, Munich Reinsurance Company (Munich Re), The Travelers Companies Inc., American International Group Inc. (AIG), Marsh & McLennan Companies Inc., Arthur J. Gallagher & Co., Willis Towers Watson Public Limited Company, Swiss Re Ltd., AXA XL Insurance, Moody’s Insurance Services Inc., Beazley Group plc, Lloyd’s of London, Heffernan Insurance Brokers Inc., Assicurazioni Generali S.p.A., GenStar Capital LLC, ProFinity Insurance Services Inc., Polaris Risk Management LLC, Apex Risk & Insurance Services Inc.

North America was the largest region in the executive protection firm insurance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in executive protection firm insurance report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the executive protection firm insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

The executive protection firm insurance market research report is one of a series of new reports that provides executive protection firm insurance market statistics, including executive protection firm insurance industry global market size, regional shares, competitors with the executive protection firm insurance market share, executive protection firm insurance market segments, market trends, and opportunities, and any further data you may need to thrive in the executive protection firm insurance industry. This executive protection firm insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Executive protection firm insurance is a specialized form of coverage designed for companies that offer personal security services to high-profile individuals. It safeguards against risks such as liability claims, property damage, professional errors, and employee injuries that may occur during operations. This insurance provides financial security for both the firm and its clients in the event of unexpected incidents. Overall, it supports business continuity and strengthens credibility within the high-risk security sector.

The primary coverage types of executive protection firm insurance include general liability, professional liability, workers’ compensation, commercial auto, property insurance, cyber liability, and others. General liability insurance covers third-party injury and property damage claims, while executive protection firm insurance broadens this protection to include incidents occurring during protective missions. It is available to firms of different sizes, such as small and medium enterprises and large corporations, and is distributed through channels such as direct sales, brokers or agents, and online platforms, serving end users including corporate clients, government agencies, high-net-worth individuals, and others.

The executive protection firm insurance market includes revenues earned by entities by providing services such as liability insurance for protection firms, property and asset protection, event security insurance, risk assessment and consultancy, and crisis management services. 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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