04.10.2016, 17:57
U.S. Title Insurance Sector Delivers Strong Operating Performance in 2015
OREANDA-NEWS. The U.S. title insurance industry reported solid operating results in 2015 on the backs of improved macroeconomic activity and a remarkably low 30-year fixed mortgage rate, according to a new A.M. Best special report. Title insurance industry surplus grew 3.9% in 2015, more than double the level reported in 2014, and net premiums written (NPW) increased by 16.2%, compared with a drop of 11.4% in 2014.
The Best’s Special Report, titled, “Title Sector Delivers Strong Operating Performance,” states that A.M. Best has maintained its stable outlook on the sector, noting that the majority of its ratings are expected to be affirmed over the near to medium term. While the outlook reflects the industry’s continued positive financial condition, it also incorporates some degree of uncertainty surrounding the regulatory changes governing the mortgage and title sectors, the strength of the economy and the current environment in the housing market.
The Best’s Special Report, titled, “Title Sector Delivers Strong Operating Performance,” states that A.M. Best has maintained its stable outlook on the sector, noting that the majority of its ratings are expected to be affirmed over the near to medium term. While the outlook reflects the industry’s continued positive financial condition, it also incorporates some degree of uncertainty surrounding the regulatory changes governing the mortgage and title sectors, the strength of the economy and the current environment in the housing market.
Комментарии