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Identity Theft Insurance - Industry Market Research Report

  • August 2016
  • 36 pages
  • Ibisworld
Report ID: 2853807

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Losing yourself: The growing number of identity theft victims will support industry growth



Abstract

Identity Theft Insurance

Rising complaint levels and the increasing propensity for large-scale data breaches have boosted consumer awareness of coverage offered by the Identity Theft Insurance industry. Policies offered by industry operators provide coverage for the cost of reclaiming one's financial identity; this includes the cost associated with required paperwork, wages lost due to identity theft and the expense of hiring an attorney. Over the five years to 2021, industry revenue is forecast to increase.

This industry includes companies that underwrite insurance policies for identity theft. Policies offered by industry operators provide coverage for the cost of reclaiming one’s financial identity; this includes the costs associated with required paperwork, wages lost due to identity theft and the expense of hiring an attorney. Industry policies do not prevent an individual from becoming a victim of identity theft or cover the direct monetary losses caused by identity theft.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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