Overview

Home base: As the housing market recovers, the industry will see steady revenue growth

IBISWorld’s Title Insurance market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Renewed growth in existing home sales fuels the industry
  • Low interest rates continue to subdue investment income for industry operators
  • Industry revenue is forecast to to increase during the next five-year period

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    Industry Analysis & Industry Trends

    Despite it occurring before the current five-year period, the subprime mortgage crisis severely affected the Title Insurance industry, as potential homebuyers shied away from homeownership. However, this has since reversed due to the the housing market recovery. Positive growth will continue through 2021 as more homes are built and renters move to buy...

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    Industry Report - Industry Analysis Chapter

    Given its reliance on real estate transactions for revenue, the performance of the Title Insurance industry has benefitted from the renewed strength of the domestic consumer and real estate market throughout most of the five-year period. Title insurance provides protection to mortgage lenders and buyers of real estate from potential loss or damage resulting from defects in the title they intend to acquire. Potential defects covered by title insurance include adverse ownership claims, liens and encumbrances. Real estate values, residential home sales and credit availability dictate demand for title insurance policies, as they largely determine the number of real property transfers in the domestic market. The..

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    Additional Insights for the Title Insurance Industry

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

  • Ability to effectively manage risk
  • Management of a high quality assets portfolio
  • Having a cost effective distribution system
  • IBISWorld analysts also discuss how external factors such as Existing home sales and House price index in the Title Insurance industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Title Insurance Industry?

    This industry underwrites (i.e. assumes the risks of and assigns premiums for) title insurance, which protects the policyholder from financial losses from defects in a real property title and from the inability to enforce a mortgage lien.

    Industry Products
    Direct title insurance premiums
    Agency title insurance premiums
    Title search, title reconveyance and title abstract service fees
    Industry Activities
    Underwriting title insurance
    Providing title search services
    Providing title reconveyance services

    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
  • Existing home sales
  • House price index
  • Access to credit
  • year conventional mortgage rate

  • Current Performance
  • Housing market trends
  • Investment choices and returns
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Major player dominance
  • Regulation and assistance
  • Table: Title Insurance Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Commercial Banking
  • Real Estate Investment Trusts
  • Consumers

  • Key Selling Industries
  • Insurance Brokers & Agencies
  • Reinsurance Carriers
  • Third-Party Administrators & Insurance Claims Adjusters

  • Products & Services
  • Agency title insurance premiums
  • Direct title insurance premiums
  • Title search, title reconveyance and title abstract service fees
  • Other
  • Chart: Title Insurance Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Real estate buyers
  • Real estate sellers
  • Real estate agents and mortgage lenders
  • Chart: Major Market Segmentation for the Title Insurance Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitAgent commissions and wagesProvisions for lossOther
  • Chart: Cost Structure Benchmarking – Sector vs Title Insurance

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Title Insurance Industry

  • Industry Globalization
    Major Companies
    Fidelity National Financial Inc.The First American CorporationOld Republic International Corp.Stewart Information Services Corporation
  • Table: Fidelity National Financial Inc. - financial performance
  • Table: The First American Corporation - financial performance
  • Table: Old Republic International Corp. - financial performance
  • Table: Stewart Information Services Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Title 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 Title Insurance Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Existing home sales (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Adverse Ownership Claim
  • Related to adverse possession, or the ability to claim legal title to someone else's land by possessing it for an extended period of time.
  • Encumbrance
  • A claim against a property by another party. Common examples include an outstanding mortgage or unpaid property taxes.
  • Lien
  • The legal right of a lender to sell the collateral property of a borrower who has not met their loan obligations.
  • 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 Title 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 Title 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 Title Insurance, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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