Lenders’ mortgage insurance market to bag $9.85b in 2025

Asia-Pacific is projected to be the fastest-growing region through to 2029.

The global lenders’ mortgage insurance market is forecast to rise from $9.23b in 2024 to $9.85b in 2025, representing a compound annual growth rate (CAGR) of 6.7%, according to The Business Research Company.

North America was the largest market in 2024, whilst Asia-Pacific is projected to be the fastest-growing region through to 2029.

Other regions covered in the forecast include Western and Eastern Europe, South America, the Middle East and Africa.

Growth in recent years has been driven by higher property prices, increasing urbanisation, more first-time buyers, a rise in housing loans and greater household debt levels.

The market is expected to continue expanding, reaching $12.57b by 2029 at a CAGR of 6.3%. 

Key factors behind this growth include stronger demand for affordable housing, greater use of mortgage securitisation, wider mortgage market penetration in developing economies, closer regulatory attention to loan-to-value ratios and rising demand for credit protection in uncertain economic conditions.

Emerging trends include risk-based pricing, consolidation of digital mortgage platforms, customised insurance products and the use of blockchain in claims management.