Global title insurance market set for steady growth

The title insurance industry is on track for steady expansion over the next decade, driven by surging real estate activity, advancing technology and tightening regulatory frameworks.

According to Market Research Future (MRF), the title insurance market is expected to grow from $4.15 billion in 2025 to $5.69 billion by 2034, equating to a compound annual growth rate of 3.56%.

Real estate boom, regulatory reinforcement

A key driver of the market’s momentum is the global rise in real estate transactions. As more people buy homes and businesses invest in commercial properties, demand for title insurance has grown significantly.

“As populations continue to grow and urbanization accelerates, demand for residential and commercial properties is on the rise,” MRF said in its report.

Demographic shifts are also playing a role. The rise of dual-income households, growing numbers of millennial homebuyers, and increased mobility due to remote work have all contributed to an uptick in property transactions. This further reinforces the need for secure title coverage, the report noted.

Governments and financial regulators are implementing stricter policies for property ownership and title verification, which has reinforced the role of title insurance in real estate deals, MRF said.

“As compliance becomes increasingly stringent, the need for title insurance products will rise,” the report stated, emphasizing the importance in facilitating smoother, more secure property transactions.

Tech-driven transformation

The title insurance market continues to undergo a digital transformation, with companies investing in new technologies to streamline operations and enhance customer experience.

Automation, artificial intelligence and blockchain are improving the efficiency of title searches and underwriting while reducing processing times, according to the report.

“The application of technology and automation could also improve the effectiveness of the title search and processes for managing claims,” MRF reported. “The integration of digital tools allows insurers to assess risk more precisely, adapt offerings to client needs, and facilitate faster closings.”

Remote closings, e-signatures and online access to documents have become common. And cybersecurity has become a central focus as companies work to protect sensitive client data in an increasingly digital environment.

Market segments show varied growth

Title insurance products are divided into three main categories: owner’s title insurance, lender’s title insurance and extended policies.

Owner’s policies, which protect homebuyers from potential claims on their property, remain the market leader. Valued at $1.5 billion in 2023, the segment is projected to grow to $2.1 billion by 2032.

Lender’s policies, which are essential for mortgage providers to safeguard their investments, are expected to reach $2.4 billion over the same period. Extended title insurance, which offers more comprehensive protection, is gaining interest among buyers who want added security, the report said.

Applications of title insurance also span a range of sectors, from residential and commercial to industrial and agricultural. While residential use remains the most common, commercial policies represent a growing share, particularly in regions undergoing business and infrastructure expansion.

North America leads, Asia-Pacific region emerging

Regionally, North America continues to dominate the global title insurance market, holding a valuation of $2 billion in 2023 that is projected to rise to $2.8 billion by 2032.

MRF said the region’s established legal infrastructure and high volume of real estate transactions support its leadership position.

Europe trails behind, with growing demand supported by improved regulatory frameworks. Meanwhile, the Asia-Pacific region is emerging as a significant opportunity, with market growth tied to urban development, economic expansion and rising property ownership rates.

South America and the Middle East-Africa regions remain smaller but are slowly gaining traction.

Competitive landscape heats up

The competitive dynamics of the global title insurance market are shifting, with established players and new entrants alike racing to adopt digital tools and expand their market reach.

Key companies profiled in MRF’s report include Fidelity National Financial, First American Financial Corp., Stewart Information Services Corp., Old Republic International Corp., Investors Title Co., CATIC, Title Resources Group and WFG National Title Insurance Co.

Companies are also pursuing mergers, acquisitions and strategic partnerships to boost operational scale and efficiency.

Title Resources Group and Pacific Title Insurance are among those reportedly exploring consolidation. Meanwhile, firms like TitleGuaranty are focusing on customer experience and process innovation to stay competitive, MRF said.