Insurance Marketplace Realities 2026 – Fidelity/Crime

Rate predictions: Fidelity/Crime

	Trend	Range
Primary fidelity and crime		Flat
Excess fidelity and crime		Flat

Key takeaway

The fidelity and crime market remains stable, even in an ever-evolving threat landscape. Rate pressure may be present on programs with meaningful coverage enhancements and/or loss experience. Given the overall profitability of the product line, there is an increasing desire from carriers to grow this book of business, especially when leading the management and/or professional liability lines. Conditions remain favorable for insureds, and the outlook is encouraging with new capacity coming into the market.

• The threat landscape for companies is evolving every day. Social engineering fraud is a leading cause of financial fraud, and is intensifying, with artificial intelligence enabling automated deepfakes and exploiting vulnerabilities. Underwriters are increasingly focused on how organizations utilize AI beyond routine functions and what risks may arise as a result.
• A range of innovative insurance solutions have emerged, including stand-alone social engineering, excess social engineering only, excess crime with DIL/DIC drop-down for social engineering and excess blended cyber-crime with DIL/DIC provisions. These options cater to clients who wish to buy higher limits or more comprehensive coverage.
• In July 2025, we saw the first major federal cryptocurrency bill signed into U.S. law, providing a regulatory framework for stablecoins.The law creates clear regulatory guardrails that were previously missing in the U.S., allowing banks to expand into stablecoin services. We caution that the passing of this law does not alter coverage available under standard fidelity/crime policies (unless explicitly afforded) as stablecoins are not a legal tender.