Private Mortgage Insurance Market Report 2026

The private mortgage insurance market size has grown strongly in recent years. It will grow from $6.84 billion in 2025 to $7.48 billion in 2026 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to expansion of low down payment mortgage lending, growth in first-time homebuyer activity, increased housing finance availability, rising mortgage origination volumes, lender risk mitigation requirements.

The private mortgage insurance market size is expected to see strong growth in the next few years. It will grow to $10.58 billion in 2030 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to growing adoption of digital mortgage ecosystems, rising demand for flexible premium structures, increased regulatory focus on mortgage risk management, expansion of online insurance distribution, growing integration of ai-driven credit assessment tools. Major trends in the forecast period include expansion of digital mortgage origination platforms, growing adoption of risk-based premium pricing models, increasing use of automated underwriting systems, rising preference for online pmi distribution channels, enhanced focus on borrower transparency tools.

The growth in homeownership rates is expected to propel the growth of the private mortgage insurance market going forward. Homeownership refers to the legal right of an individual or family to possess and live in a residential property they have purchased. Homeownership rates are rising due to low fixed mortgage interest rates, which offer long-term payment stability and make buying a home more affordable than renting for many households. Private mortgage insurance supports homeownership by allowing buyers to qualify for a mortgage with a smaller down payment, making it easier and faster for them to buy a home without needing substantial upfront savings. For instance, in May 2025, according to The Ministry of Housing, Communities and Local Government (MHCLG), UK-based government agency, proportion of dwellings in owner occupation reaching 64.3% as at 31 March 2024 up from 64.1% on 31 March 2023. Therefore, the growth in homeownership rates is driving the growth of the private mortgage insurance market.

Major companies operating in the private mortgage insurance market are focusing on developing advanced solutions, such as digital campaigns, to reshape perceptions and promote smarter adoption of lenders mortgage insurance (LMI). Digital campaigns are targeted multimedia initiatives that leverage online platforms, such as social media, email, webinars, and videos, to educate stakeholders, shift public perception, and increase engagement with financial products in a measurable and scalable way. For instance, in March 2025, Helia Group Limited, an Australia-based provider of lenders mortgage insurance, launched a campaign called LMI Lets Me In, aimed at mortgage brokers. This three-month campaign stands out by using digital platforms, webinars, podcasts, and materials in multiple languages to support brokers in assisting a wide range of buyers. It shows how Lenders Mortgage Insurance can allow earlier homeownership by up to nine years and help build significantly more equity within five years. The initiative aims to shift the perception of LMI from a financial burden to a valuable tool, supporting both client acquisition and long-term risk strategies for lenders.

In June 2024, Arch Capital Group Ltd., a Bermuda-based insurance company, acquired RMIC Companies Inc. for an undisclosed amount. The acquisition expanded Arch MI’s reach in the U.S. mortgage insurance industry by increasing its offerings and strengthening its expertise in managing mortgage credit risk. Following the deal, RMIC became part of Arch’s network of approved mortgage insurers, which includes Arch Mortgage Insurance Company and United Guaranty Residential Insurance Company. RMIC Companies Inc. is a US-based provider of private mortgage insurance.

Major companies operating in the private mortgage insurance market are First American Financial Corporation, Genworth Financial Inc., Radian Group Inc., Mortgage Guaranty Insurance Corporation MGIC, Enact Holdings Inc., Essent Guaranty Inc., National Mortgage Insurance Holdings Inc NMI, Triad Guaranty Inc., Amerin Guaranty Corporation, PMI Mortgage Insurance Co, CMG Mortgage Insurance Company, Republic Mortgage Insurance Company, Canada Guaranty Mortgage Insurance Company, Sagen MI Canada Inc, Helia, Westpac Lenders Mortgage Insurance Ltd, Commonwealth Bank Lenders Mortgage Insurance Ltd, Suncorp Lenders Mortgage Insurance Ltd, The Mortgage Guarantee Company Limited, China Mortgage Guarantee Co Ltd, Investors Mortgage Insurance Company, Old Republic International Corporation, Radnor Holdings Corporation.

North America was the largest region in the private mortgage insurance market in 2025. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the private mortgage insurance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the private mortgage insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The private mortgage insurance market includes revenues earned by entities by providing services such as mortgage origination assistance, risk assessment, loan servicing management, default risk monitoring, and loan modification services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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