Market Overview:
The global lenders mortgage insurance market is expected to grow from US$ 5,814.5 Mn in 2018 to US$ 10,887.7 Mn by 2030, at a CAGR of 7.4% from 2018 to 2030. In terms of type, the lender-paid mortgage insurance segment is expected to hold the dominant share in the global lenders mortgage insurance market during the forecast period. In terms of application, the agency channel segment is estimated to account for more than two-thirds share of the global lenders mortgage insurance market by 2018 end and this trend is anticipated continue throughout the forecast period The digital & direct channels segment is projected witness highest growth rate over the forecast period owing increasing demand for online banking.
Product Definition:
Lenders mortgage insurance (LMI) is insurance that protects the lender in the event that you default on your home loan. It's usually required if you're borrowing more than 80% of the property's value. The cost of LMI is usually added to your loan amount, so you'll need to factor it into your budget when calculating how much you can afford to borrow.
Borrower-paid (BPMI):
Borrower-paid mortgage insurance is a type of coverage provided by an insurer against losses that may arise from non-performing or defaulted loans. BPMI is purchased by the lenders as part of the underwriting process to ensure that they are fully compensated in case the loan goes bad. The cost of BPMI generally ranges between 1% and 3% of the face value of each note, depending on factors such as market conditions at the time, region, and policy terms.
Lender-paid (LPMI):
Lender-paid (LPMI) is a type of insurance provided by private insurers against default by the borrower. It is also known as fidelity bond or fidelity bond guarantee. The amount paid to the insurer generally varies according to the risk factors associated with a particular portfolio, and depends on whether it's an individual or joint policyholder who is borrowing money.
Application Insights:
The Agency application segment led the global lenders mortgage insurance market in 2017. The growth of this segment can be attributed to the increasing use of LPMI products by banks and other financial institutions to mitigate credit risk for their customers, especially during the economic slowdown in 2008. However, with growing digitalization and innovation in technology, there has been a paradigm shift towards online LPMI transactions which have resulted in declining demand for BPMI products among various banks and other financial institutions.
The Latin America region is projected to witness significant growth over the forecast period owing to increased adoption of these policies by Mexican financial institutions as well as non-Mexican companies operating within Mexico's borders. In addition, factors such as an increase in real estate investments from both domestic and foreign investors are expected to drive demand further over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing home loan demand from developing economies, such as China and India. Furthermore, rising real estate prices in these countries are anticipated to boost mortgage investments further.
The Asia Pacific was followed by North America which accounted for a share of more than 25% in 2017 owing to growing awareness about BIA products among consumers coupled with stringent regulatory scenario that demands higher standards of due diligence from financial institutions/mortgage insurers regarding borrower credit worthiness. In addition, presence of prominent players offering BIA products also boosts regional growth prospects over the forecast period.
Europe is projected to witness significant growth during the forecast years on account of rapid economic development across several countries including Poland, Turkey.
Growth Factors:
- Increasing demand for mortgage loans due to population growth and rising property prices.
- Rising awareness of the benefits of lenders mortgage insurance among borrowers and brokers.
- Increased availability of lenders mortgage insurance products through online channels.
- Greater use of automated underwriting systems by lenders, which is driving down the cost of premiums for borrowers.
- The increasing popularity of interest-only mortgages, which are typically covered by lenders mortgage insurance policies
Scope Of The Report
Report Attributes
Report Details
Report Title
Lenders Mortgage Insurance Market Research Report
By Type
Borrower-paid (BPMI), Lender-paid (LPMI), Single Premium, Split Premium
By Application
Agency, Digital & Direct Channels, Brokers, Bancassurance
By Companies
Arch Capital Group, Essent Guaranty, Genworth Financial, MGIC, National Mortgage Insurance, Old Republic International, Radian Guaranty, Pinan, Allianz, AXA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Lenders Mortgage Insurance Market Report Segments:
The global Lenders Mortgage Insurance market is segmented on the basis of:
Types
Borrower-paid (BPMI), Lender-paid (LPMI), Single Premium, Split Premium
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agency, Digital & Direct Channels, Brokers, Bancassurance
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arch Capital Group
- Essent Guaranty
- Genworth Financial
- MGIC
- National Mortgage Insurance
- Old Republic International
- Radian Guaranty
- Pinan
- Allianz
- AXA
Highlights of The Lenders Mortgage Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Borrower-paid (BPMI)
- Lender-paid (LPMI)
- Single Premium
- Split Premium
- By Application:
- Agency
- Digital & Direct Channels
- Brokers
- Bancassurance
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lenders Mortgage Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lenders Mortgage Insurance is a type of insurance that protects lenders against losses if borrowers cannot repay their mortgages. The policy typically covers loans up to a certain amount, such as $250,000.
Some of the major companies in the lenders mortgage insurance market are Arch Capital Group, Essent Guaranty, Genworth Financial, MGIC, National Mortgage Insurance, Old Republic International, Radian Guaranty, Pinan, Allianz, AXA.
The lenders mortgage insurance market is expected to register a CAGR of 7.4%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lenders Mortgage Insurance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lenders Mortgage Insurance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lenders Mortgage Insurance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lenders Mortgage Insurance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lenders Mortgage Insurance Market Size & Forecast, 2018-2028
4.5.1 Lenders Mortgage Insurance Market Size and Y-o-Y Growth
4.5.2 Lenders Mortgage Insurance Market Absolute $ Opportunity
Chapter 5 Global Lenders Mortgage Insurance Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lenders Mortgage Insurance Market Size Forecast by Type
5.2.1 Borrower-paid (BPMI)
5.2.2 Lender-paid (LPMI)
5.2.3 Single Premium
5.2.4 Split Premium
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lenders Mortgage Insurance Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lenders Mortgage Insurance Market Size Forecast by Applications
6.2.1 Agency
6.2.2 Digital & Direct Channels
6.2.3 Brokers
6.2.4 Bancassurance
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lenders Mortgage Insurance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lenders Mortgage Insurance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lenders Mortgage Insurance Analysis and Forecast
9.1 Introduction
9.2 North America Lenders Mortgage Insurance Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lenders Mortgage Insurance Market Size Forecast by Type
9.6.1 Borrower-paid (BPMI)
9.6.2 Lender-paid (LPMI)
9.6.3 Single Premium
9.6.4 Split Premium
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lenders Mortgage Insurance Market Size Forecast by Applications
9.10.1 Agency
9.10.2 Digital & Direct Channels
9.10.3 Brokers
9.10.4 Bancassurance
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lenders Mortgage Insurance Analysis and Forecast
10.1 Introduction
10.2 Europe Lenders Mortgage Insurance Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lenders Mortgage Insurance Market Size Forecast by Type
10.6.1 Borrower-paid (BPMI)
10.6.2 Lender-paid (LPMI)
10.6.3 Single Premium
10.6.4 Split Premium
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lenders Mortgage Insurance Market Size Forecast by Applications
10.10.1 Agency
10.10.2 Digital & Direct Channels
10.10.3 Brokers
10.10.4 Bancassurance
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lenders Mortgage Insurance Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lenders Mortgage Insurance Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lenders Mortgage Insurance Market Size Forecast by Type
11.6.1 Borrower-paid (BPMI)
11.6.2 Lender-paid (LPMI)
11.6.3 Single Premium
11.6.4 Split Premium
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lenders Mortgage Insurance Market Size Forecast by Applications
11.10.1 Agency
11.10.2 Digital & Direct Channels
11.10.3 Brokers
11.10.4 Bancassurance
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lenders Mortgage Insurance Analysis and Forecast
12.1 Introduction
12.2 Latin America Lenders Mortgage Insurance Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lenders Mortgage Insurance Market Size Forecast by Type
12.6.1 Borrower-paid (BPMI)
12.6.2 Lender-paid (LPMI)
12.6.3 Single Premium
12.6.4 Split Premium
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lenders Mortgage Insurance Market Size Forecast by Applications
12.10.1 Agency
12.10.2 Digital & Direct Channels
12.10.3 Brokers
12.10.4 Bancassurance
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lenders Mortgage Insurance Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lenders Mortgage Insurance Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lenders Mortgage Insurance Market Size Forecast by Type
13.6.1 Borrower-paid (BPMI)
13.6.2 Lender-paid (LPMI)
13.6.3 Single Premium
13.6.4 Split Premium
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lenders Mortgage Insurance Market Size Forecast by Applications
13.10.1 Agency
13.10.2 Digital & Direct Channels
13.10.3 Brokers
13.10.4 Bancassurance
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lenders Mortgage Insurance Market: Competitive Dashboard
14.2 Global Lenders Mortgage Insurance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arch Capital Group
14.3.2 Essent Guaranty
14.3.3 Genworth Financial
14.3.4 MGIC
14.3.5 National Mortgage Insurance
14.3.6 Old Republic International
14.3.7 Radian Guaranty
14.3.8 Pinan
14.3.9 Allianz
14.3.10 AXA
