Overview

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

IBISWorld’s Identity Theft Insurance Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • A threat to industry performance is the rising number of articles that question the benefits of industry offerings
  • The majority of identity theft incidents fall outside the scope of the industry
  • The number of identity theft complaints is forecast to rise over the period

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Key Buyers Chapter

    The Identity Theft Insurance industry has a low to moderate degree of market share concentration. The four largest operators are expected to account for about 39.4% of industry revenue in 2016. Although the number of participants has increased along with demand for identity theft protection over the past five years, revenue growth has outpaced enterprise growth. This has allowed well-established operators to expand their market share over the period. All of the major players are large insurance companies that provide homeowners' coverage across the United States and offer identity theft protection as a supplement to customers' existing policies. Lar..

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    Additional Insights for the Identity Theft Insurance Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Identity Theft Insurance Industry are

  • Ensure pricing policy is appropriate
  • Management of a high quality assets portfolio
  • Ability to effectively manage risk
  • IBISWorld analysts also discuss how external factors such as External competition and Crime rate in the Identity Theft Insurance industry impact industry performance..

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    Industry Products

    What is the Identity Theft Insurance Industry?

    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.

    Industry Products
    Government document or benefits fraud
    Credit card fraud
    Phone or utilities fraud
    Bank fraud
    Employment-related fraud
    Loan fraud
    Other identity theft
    Industry Activities
    Underwriting identity restoration insurance policies
    Paying benefits related to identity theft restoration paperwork
    Paying benefits related to lost wages
    Paying benefits related to legal expenses
    Investing premiums in financial assets

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • External competition
  • Crime rate
  • Percentage of services conducted online
  • Access to credit

  • Current Performance
  • Prevalence of identity theft
  • Characteristics of industry customers
  • Impact of data breaches on demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Impact of identity theft
  • Product acceptance
  • Table: Identity Theft Insurance Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Identity Theft Insurance Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Private Equity, Hedge Funds & Investment Vehicles
  • Real Estate Investment Trusts
  • Reinsurance Carriers
  • Stock & Commodity Exchanges
  • Venture Capital & Principal Trading

  • Products & Services
  • Government document or benefits fraud
  • Other identity theft
  • Credit card fraud
  • Phone or utilities fraud
  • Bank fraud
  • Employment-related fraud
  • Loan fraud
  • Chart: Identity Theft Insurance Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individuals aged 50 to 64
  • Individuals aged 35 to 49
  • Individuals aged 25 to 34
  • Individuals aged 65 and older
  • Individuals aged 24 and younger
  • Chart: Major Market Segmentation for the Identity Theft Insurance Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Claims expenses
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Identity Theft Insurance

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Identity Theft Insurance Industry

  • Industry Globalization
    Major Companies
    State Farm Insurance CompaniesAllstate Insurance CompanyLiberty Mutual Insurance GroupUSAAFarmers Insurance Group
  • Table: State Farm Insurance Companies - financial performance
  • Table: Allstate Insurance Company - financial performance
  • Table: Liberty Mutual Insurance Group - financial performance
  • Table: USAA - financial performance
  • Table: Farmers Insurance Group - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Identity Theft Insurance Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Identity Theft Insurance Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Percentage of services conducted online (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Data Breach
  • The intentional or unintentional release of secure information to an untrusted environment.
  • Identity Theft
  • The fraudulent acquisition and use of a person's private identifying information.
  • Underwriting
  • The process where insurers assess the risks to insure and decide how much to charge for those risks.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Identity Theft Insurance:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Identity Theft Insurance market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Identity Theft Insurance, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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