{"id":66482,"date":"2025-10-08T22:43:23","date_gmt":"2025-10-08T22:43:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/66482\/"},"modified":"2025-10-08T22:43:23","modified_gmt":"2025-10-08T22:43:23","slug":"asia-pacific-leads-global-crime-insurance-growth-at-18-6-cagr","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/66482\/","title":{"rendered":"Asia-Pacific leads global crime insurance growth at 18.6% CAGR"},"content":{"rendered":"<p>Globally, crime insurance market is expected to grow 13.5% from 2023 to 2032.<\/p>\n<p><a href=\"https:\/\/insuranceasia.com\/market\/apac\" rel=\"nofollow noopener\" target=\"_blank\">Asia-Pacific<\/a>\u2019s crime insurance market is slated for a compound annual growth rate (CAGR) of 18.6% from 2023 to 2032, the fastest amongst other regions, according to Allied Market Research.<\/p>\n<p>The region\u2019s growth will be driven by rapid economic growth, increased trade, and a surge in financial transactions.<\/p>\n<p>Globally, crime insurance market is expected to grow from $13.7b in 2022 to $47.7b by 2032. This represents a CAGR of 13.5% from 2023 to 2032.<\/p>\n<p>The report identified technological advancements and globalisation as key drivers of growth, whilst complex claims processes and evolving policy regulations were cited as restraints.\u00a0<\/p>\n<p>Rising demand for cyber insurance is also creating new opportunities for the sector.<\/p>\n<p>Fraud cover accounted for about two-fifths of global crime insurance revenue in 2022, maintaining the largest market share due to increasing cyberattacks linked to wider internet access.\u00a0<\/p>\n<p>Theft cover, meanwhile, is projected to grow at a faster rate of 18.5% annually, driven by globalisation, technology development, and more complex supply chains.<\/p>\n<p>Businesses made up more than two-thirds of total demand in 2022, reflecting regulatory pressures to protect sensitive data and financial assets.\u00a0<\/p>\n<p>However, individual crime insurance is expected to grow the fastest at a CAGR of 15.6%, supported by concerns over identity theft, remote work trends, and home-based businesses.<br \/>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Globally, crime insurance market is expected to grow 13.5% from 2023 to 2032. Asia-Pacific\u2019s crime insurance market is&hellip;\n","protected":false},"author":2,"featured_media":66483,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[138,220,111,139,69],"class_list":["post-66482","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/66482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=66482"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/66482\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/66483"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=66482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=66482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=66482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}