The Title Insurance industry has grown substantially over the five years to 2018 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 the growth in the industry. As a result, industry revenue has increased during the current period. Over the five years to 2023, industry revenue is expected to continue rising as a result of anticipated increases in key housing market variables, including the number of existing home sales and access to credit.
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 the inability to enforce a mortgage lien.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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