Market Research Logo

Title Insurance Carriers

Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms

Title Insurance Carriers

Brief Excerpt from Industry Overview Chapter:

Companies in this industry offer insurance policies to protect homeowners and other owners of real estate, as well as real estate creditors. Major companies include Fidelity National Financial, First American Title Insurance, Old Republic National Title, and Stewart Title (all based in the US), as well as First Canadian Title and Secure Legal Title (UK).

COMPETITIVE LANDSCAPE

Home sales and mortgage refinancing are the primary drivers of demand for the title insurance industry. The profitability of individual companies depends on efficient operations because of the large volume of transactions. Large companies benefit from economies of scale in access to large accumulated databases of property records. Small companies can mainly compete by specializing in nonstandard titles or in geographical regions that the large companies don't cover. The US industry is highly concentrated: the 20 largest companies account for about 95% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

About 75% of industry revenue comes from title insurance products and premiums; about 15% comes from title search, title reconveyance and other fees. The two types of title insurance policies, for owners and lenders, may be issued for residential or commercial properties. While many companies target individual home buyers, some companies specialize in commercial properties. Both property sales and mortgage refinancing trigger the need for a title search and an insurance policy.


Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report

;