About Title Insurance
Title insurance is the indemnity insurance which protects buyers and lenders from the financial loss which is sustained from defects in a title to a property. The main type of insurance is lenders title insurance which is purchased by the borrower to protect from lender. Another one is the owner’s title insurance which is paid by seller to the protect the equity from the property. The title insurance protects the Ownership by another party, Incorrect signatures on documents, as well as forgery and fraud, Flawed records, Restrictive covenants (terms that reduce value or enjoyment), such as unrecorded easements, Encumbrances or judgments against property, such as outstanding lawsuits and liens.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Title Insurance market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Title Resources Guaranty Company (United States), Stewart Title Guaranty Company (United States), First American Title Insurance Company (United States), Fidelity National Title Insurance Company (United States), Westcor Land Title Company (United States), Commerce Title Insurance Company (United States), Commonwealth Land Title Insurance Company (United States), North American Title insurance Company (United States), Chicago Title insurance Company (United States) and Ticor Title Insurance Company of Florida (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Old Republic National Title Insurance Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Title Insurance market by Type (Lender's title insurance and Owner's title insurance), Application (Owner and Lender) and Region.
On the basis of geography, the market of Title Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Coverages, the sub-segment i.e. Ownership by another party will boost the Title Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel, the sub-segment i.e. Online brokers will boost the Title Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Title Insurance
Market Growth Drivers:
Increasing Awareness about the Title Insurance and Coverages and Benefits of Title Insurance
Challenges:
Stiff Competition Among the Major Players
Restraints:
High Costs Associated with the Insurance
Opportunities:
Increasing Demand of Title Insurance is Boosting the Market Growth
Key Target Audience
Insurance provider, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.