Research and Markets: 2013 Report on the $13 Billion US Title Insurance Carriers Market Featuring Fidelity National Financial, First American Title Insurance, Old Republic National Title, and Stewart Title
by Business Wire
Research and Markets (http://www.researchandmarkets.com/research/bgm577/title_insurance) has announced the addition of the "Title Insurance Carriers" report to their offering.
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).
The US title insurance industry includes about 1,900 companies with combined annual revenue of about $13 billion. Moderate growth is forecast for the next two years. Key growth drivers include an expected increased in home sales.
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 50 largest companies account for about 95 percent of revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
The two types of title insurance policies are for owners and lenders, and may be issued for either residential or commercial properties. Most title companies get the majority of their revenue from the residential real estate market. Although commercial real estate transactions are generally larger, an estimated 80 percent of insurance volume is from residential properties.
Key Topics Covered:
1. Industry Overview
2. Quarterly Industry Update
3. Business Challenges
4. Business Trends
5. Industry Opportunities
6. Call Preparation Questions
7. Financial Information
8. Industry Forecast
9. Web Links and Acronyms
For more information visit http://www.researchandmarkets.com/research/bgm577/title_insurance