Identity theft insurance is specifically designed to cover some of the costs related to identity theft. It reimburses victims for money spent on reclaiming their financial identities and repairing their credit reports. Those costs can range from phone bills to legal help. Policies often provide specialists who can help guide victims through the identity restoration process. Furthermore, the identity theft is the fastest growing theft across the globe. For instance, the Consumer Sentinel Network maintained by the Federal Trade Commission (FTC) (United States), tracks consumer fraud and identity theft complaints that have been filed with federal, state and local law enforcement agencies and private organizations. Of the 3 million identity theft and fraud reports received in 2018, 1.4 million were fraud-related, and 25 percent of those cases reported money was lost. Therefore, the market is expected to propel with the highest CAGR during the projected period.

Key Players in This Report Include:

Erie Indemnity Co. (United States),The Hartford (United States),Chubb Limited (United States),Allstate (United States),American Family (United States),American International Group (AIG) (United States),Hanover Insurance (United States),AXA (France),Allianz SE (Germany),The Travelers Companies (United States),Liberty Mutual (United States)

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