Home run: Strengthening macroeconomic conditions have bolstered industry revenue

The Title Insurance industry has grown substantially as a result of strengthening macroeconomic conditions and a healthier domestic consumer. Industry operators rely extensively on both the volume and value of domestic real estate transactions, given that the issuance of a title insurance policy requires a real property purchase to take place. Strong growth in existing home sales and the house price index have supported growth in the industry. Over the five years to 2022, industry revenue is forecast to continue rising...read more.

Industry Statistics & Market Size
Revenue
$15bn
Annual Growth 12-17
4.6%
Forecast Growth 17-22
Profit
Employment
51,396
Businesses
4,202
What Our Customers Say

Industry Threats & Opportunities

  • Increasing home sales and better access to credit will result in strong revenue growth
  • Insurance companies tend to prefer the stable returns offered by fixed-income products
  • Growth in key housing market variables is anticipated to boost insurance premiums
  • Industry Report - Starting a New Business Chapter

    Perhaps the largest barrier to entry in the Title Insurance industry is the need to comply with extensive government regulations. State regulators establish supervisory agencies that have the power to: issue and revoke licenses for insurers to transact business, approve accounting practices and establish capital and surplus requirements. This final point, the need to establish capital and surplus requirements, indicates that a new insurer must have a remarkable level of capital backing to initiate operations. Consequently, the most successful new entrants are property and casualty or other insurers that decide to also offer title insurance policies or acquire title insurance companies currently in operation...purchase to read more.

    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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    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Agent commissions and wages
  • Provisions for loss
  • Other
  • 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
    Fidelity National Financial Inc.First American Financial CorporationOld Republic International Corp.Stewart Information Services Corporation
  • Table: Fidelity National Financial Inc. - financial performance
  • Table: First American Financial Corporation - financial performance
  • Table: Old Republic International Corp. - financial performance
  • Table: Stewart Information Services Corporation - financial performance

  • 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
    Table: Industry Data for the Title Insurance Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Existing home sales (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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’s industry research report on Title Insurance contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    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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