Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The global title insurance market size is projected to grow at a CAGR of 7.4% between 2024 and 2032. The market is expected to be driven by the growth of the real estate sector and the increasing emphasis of property owners on securing protection against financial loss due to title defects.
Title insurance is a form of insurance for protection against financial loss for lenders and property owners. The insurance covers financial loss that can occur due to defects in the title of a property. The providers of such insurance run a comprehensive background check on every title for claims of any kind before any title is issued. A basic title insurance covers several risk factors like ownership by another party and flawed records.
Based on type, the market is segmented into owner’s title insurance and lender’s title insurance. In the case of an owner’s policy, it protects the owner of the property if any kind of title or ownership conflict arises in the future. On the contrary, a lender’s policy safeguards the lender in the event a past title or ownership problem arises post the transaction for the real estate has been facilitated.
On the basis of end use, the market can be bifurcated into individual and enterprises. Title insurance companies are engaged in providing full service real estate title insurance to both individuals and businesses engaged in property transactions. By region, the title insurance market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global title insurance market, co vering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
As per the title insurance market analysis, the demand for title insurance among both individuals and enterprises is likely to increase. The demand for housing is increasing due to factors such as rising disposable income and increasing urbanisation. Further, with the incorporation of technology, virtual tours of the houses have become easier for real estate agents, speeding up the sale of properties. HD and 3D listing pictures that give a full home tour have helped to offer a better service. Additionally, with the economies surging and workers returning to office post-pandemic, the demand for commercial properties is growing.
High mortgage rates have affected the purchasing power of people in key markets like the USA. The inventory of homes remains low and as a result, the prices have been on a higher scale. However, in the longer run, it is expected that favourable market conditions such as demographics will benefit the new purchase of houses. Further, in commercial transactions, although there has been significant weakness in the demand for office space, industrial and retail assets have held a stronger position.
Countries such as Canada and Australia, along with regions like Europe are expected to offer strong growth opportunities for title insurance companies in the long term. In Canada, the housing listings with price changes is surging as sellers are not getting the asking price for their properties and are adjusting the prices to attract buyers.
After many title insurance companies observed record revenues in 2021, the title insurance market observed some challenges as a result of the fluctuations in the housing market. Due to rise in mortgage rates and higher income prices, there has been a slowdown in the homebuyer’s demand, mostly in H2 2022. The year 2022 observed contraction in housing starts, sales, as well as prices.
Going forward, it is expected that mortgage rates will impact demand and prices of homes heavily through 2023 and into 2024. Increase in cost of living is also expected to delay home buying activities.
First American Financial Corp offers financial services through its two core segments including title insurance and services segment as well as speciality insurance segment. It provides its services to real estate professionals, loan originators and servicers, commercial property professionals, homebuilders, among entities engaged in the residential and commercial property transactions. The company is listed on the New York Stock Exchange under the ticker FAF and is headquartered in Santa Ana, California.
Fidelity National Financial, Inc., headquartered in Florida, is an insurance and settlement services provider to real estate and mortgage industries. Along with closing and escrow services, it offers title related services to both residential and commercial property owners. The company is listed on the New York Stock Exchange under the symbol FNF. The title insurance company issues title insurance policies through its title insurance underwriters including Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York.
Old Republic General Insurance Group, Inc. specialises in property and casualty marketplace. The company has 95 offices around 65 cities across the United States and is headquartered in Illinois.
Other players operating in the title insurance market include AXA SA, Stewart Information Services Corporation, Westcor Land Title Insurance Company, Inc., Williston Financial Group LLC, Investors Title Company, and Mathis Title Company, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by End Use |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The market is estimated to witness a healthy growth in the forecast period, expanding at a CAGR of 7.4% between 2024 and 2032.
The factors such as home sales, refinancing activities, economic activities, employment trends, monetary policies, and demographics, among others, are aiding the growth of the market.
Tile insurance companies are leveraging technology to promote ease and comfort in making transaction for property owners and increasing efficiency in their business workflow.
The major regional markets for title insurance include North America, Europe, the Asia Pacific, L atin America, and the Middle East and Africa.
On the basis of type, there are two title insurance variations including owner’s and lender’s title insurance.
Individuals and enterprises are the two end use segments of title insurance.
The key market players include First American Financial Corp, Fidelity National Financial, Inc., Old Republic General Insurance Group, Inc., AXA SA, Stewart Information Services Corporation, Westcor Land Title Insurance Company, Inc., Williston Financial Group LLC, Investors Title Company, and Mathis Title Company, among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124