Insurance Industry In Israel Market Research Reports

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The Israeli insurance industry is one of the largest and most highly developed in Western Asia. The insurance premium per capita and penetration are also among the highest in the region. However, the industry’s size and significance still remains small by international standards. The written premium value rose from ILS37.4 billion (US$10.4 billion) in 2008 to ILS47.3 billion (US$12.3 billion) in 2012, at a compound annual growth rate (CAGR) of 6.0% during the review period (2008–2012), driven by the growing demand for savings products, a decline in policy cancellations and economic developments in the country.

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  • 1. The Insurance Industry in Israel, Key Trends and Opportunities to 2017 Synopsis The report provides in-depth industry analysis, information and insights of the insurance industry in Israel, including: The Israeli insurance industry’s growth prospects by insurance segments and categories The competitive landscape in the Israeli insurance industry The current trends and drivers of the Israeli insurance industry Challenges facing the Israeli insurance industry The regulatory framework of the Israeli insurance industry A benchmarking section on the Israeli insurance industry in comparison to other countries with GWP$10-40 billion in total gross written premiums Executive summary The Israeli insurance industry is one of the largest and most highly developed in Western Asia. The insurance premium per capita and penetration are also among the highest in the region. However, the industry’s size and significance still remains small by international standards. The written premium value rose from ILS37.4 billion (US$10.4 billion) in 2008 to ILS47.3 billion (US$12.3 billion) in 2012, at a compound annual growth rate (CAGR) of 6.0% during the review period (2008–2012), driven by the growing demand for savings products, a decline in policy cancellations and economic developments in the country. The improving political and economic conditions in Israel combined with growing demand for insurance products such as long-term savings, personal accident and property insurance will drive growth in the overall Israel insurance industry over the forecast period. The industry is projected to grow from ILS47.3 billion (US$12.3 billion) in 2012 to ILS60.5 billion (US$16.7 billion) in 2017, at a CAGR of 5.0% over the forecast period (2012–2017). Scope This report provides a comprehensive analysis of the insurance industry in Israel: It provides historical values for the Israeli insurance industry for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period. It offers a detailed analysis of the key segments and sub-segments in the Israeli insurance industry, along with forecasts until 2017. It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions. It profiles the top insurance companies in Israel, and outlines the key regulations affecting them. Reasons to buy Make strategic business decisions using in-depth historic and forecast industry data related to the Israeli insurance industry and each segment within it. Understand the demand-side dynamics, key trends and growth opportunities within the Israeli insurance industry. Assess the competitive dynamics in the Israeli insurance industry. Identify the growth opportunities and market dynamics within key segments. Gain insights into key regulations governing the Israeli insurance industry and its impact on companies and the industry's future. Key highlights The Israeli insurance industry is one of the largest and most highly developed in Western Asia. The Israeli insurance industry is also one of the most profitable OECD countries, and all business lines registered profit until 2007. The International Monetary Fund (IMF) projects stable economic growth for Israel over the forecast period. Almost all insurers in the country posted negative growth in 2008 due to a sharp decline in investment returns in the equity market. The life segment grew at a review-period CAGR of 7.9%, while the personal accident and health segment rose at a faster CAGR of 10.0%. table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Regional Market Dynamics 3.1 Overview 3.1.1 Market Trends 3.1.2 Market Size 4 Life Insurance Segment – Regional Benchmarking 4.1 Scale And Penetration 4.1.1 Total Gross Written Premium 4.1.2 Premium Per Capita 4.1.3 Life Insurance Penetration 4.2 Growth 4.2.1 Gross Written Premium 4.2.2 Gross Written Premium Per Capita 4.3 Efficiency And Risk 4.3.1 Loss Ratio 4.3.2 Combined Ratio 4.3.3 Incurred Losses Per Capita 4.3.4 Incurred Losses As A Percentage Of Gdp 4.4 Distribution Channels The Insurance Industry in Israel, Key Trends and Opportunities to 2017
  • 2. 4.4.1 Direct Marketing 4.4.2 Insurance Brokers 4.4.3 Bancassurance 4.4.4 Agencies 5 Non-life Insurance Segment – Regional Benchmarking 5.1 Scale And Penetration 5.1.1 Total Market Gross Written Premium 5.1.2 Premium Per Capita 5.1.3 Non-life Insurance Penetration 5.2 Growth 5.2.1 Gross Written Premium 5.2.2 Gross Written Premium Per Capita 5.3 Efficiency And Risk 5.3.1 Loss Ratio 5.3.2 Combined Ratio 5.3.3 Incurred Losses Per Capita 5.3.4 Incurred Losses As A Percentage Of Gdp 5.4 Distribution Channels 5.4.1 Direct Marketing 5.4.2 Brokers 5.4.3 Bancassurance 5.4.4 Agencies 6 Personal Accident And Health Insurance Segment – Regional Benchmarking 6.1 Scale And Penetration 6.1.1 Total Market Gross Written Premium 6.1.2 Premium Per Capita 6.1.3 Personal Accident And Health Insurance Penetration 6.2 Growth 6.2.1 Gross Written Premium 6.2.2 Gross Written Premium Per Capita 6.3 Efficiency And Risk 6.3.1 Loss Ratio 6.3.2 Combined Ratio 6.3.3 Incurred Losses Per Capita 6.3.4 Incurred Losses As A Percentage Of Gdp 6.4 Distribution Channels 6.4.1 Direct Marketing 6.4.2 Brokers 6.4.3 Bancassurance 6.4.4 Agencies 7 Israeli Insurance Industry Overview 7.1 Israeli Insurance Industry 7.2 Key Industry Trends And Drivers 7.3 Challenges 8 Life Insurance 8.1 Life Insurance Growth Prospects 8.1.1 Individual Life Insurance 8.1.2 Individual Term Life Insurance 8.1.3 Individual Supplementary 8.1.4 Other Individual Insurance 8.2 Life Insurance Growth Prospects By Product Type 8.2.1 Individual Single-premium Policies 8.2.2 Individual Non-single-premium Policies 9 Non-life Insurance 9.1 Non-life Insurance Growth Prospects 9.2 Property Insurance 9.2.1 Fire And Allied Perils Insurance 9.2.2 Engineering Insurance The Insurance Industry in Israel, Key Trends and Opportunities to 2017
  • 3. 9.2.3 Other Property Insurance 9.3 Motor Insurance 9.3.1 Motor Hull 9.3.2 Motor Third-party 9.4 General Third-party Insurance 9.5 Marine, Aviation And Transit Insurance 9.5.1 Marine Insurance 9.5.2 Aviation Insurance 10 Personal Accident And Health Insurance 10.1 Personal Accident And Health Insurance Growth Prospects 10.1.1 Personal Accident Insurance 10.1.2 Health Insurance 11 Reinsurance 12 Analysis By Distribution Channel 12.1 Life Insurance 12.1.1 Direct Marketing 12.1.2 Bancassurance 12.1.3 Agencies 12.1.4 E-commerce 12.1.5 Brokers 12.1.6 Other Channels 12.2 Non-life Insurance 12.2.1 Direct Marketing 12.2.2 Bancassurance 12.2.3 Agencies 12.2.4 E-commerce 12.2.5 Brokers 12.2.6 Other Channels 12.3 Personal Accident And Health Insurance 12.3.1 Direct Marketing 12.3.2 Bancassurance 12.3.3 Agencies 12.3.4 E-commerce 12.3.5 Brokers 12.3.6 Other Channels 13 Regulation 14 Competitive Landscape 14.1 Overview 14.2 Leading Companies 14.2.1 Migdal Insurance And Financial Holdings Ltd – Company Overview 14.2.2 Harel Insurance Investments And Financial Services Ltd – Company Overview 14.2.3 Clal Insurance Enterprises Holdings Ltd – Company Overview 14.2.4 The Phoenix Holdings Ltd – Company Overview 14.2.5 Menora Mivtachim Holdings Ltd – Company Overview 14.2.6 Ayalon Holdings Ltd – Company Overview 15 Economic Indicators 15.1 Market Capitalization Trend – Israeli Stock Exchange 15.2 Gdp At Constant Prices (us$) 15.3 Gdp Per Capita At Constant Prices (us$) 15.4 Gdp At Current Prices (us$) 15.5 Gdp Per Capita At Current Prices (us$) 15.6 Inflation Rate 15.7 Exports As A Percentage Of Gdp 15.8 Imports As A Percentage Of Gdp 15.9 Total Internet Subscribers 15.1 Labor Force The Insurance Industry in Israel, Key Trends and Opportunities to 2017
  • 4. 15.11 Unemployment Rate 15.12 Total Population 15.13 Urban And Rural Population 16 Appendix 16.1 Methodology 16.2 Contact Timetric 16.3 About Timetric 16.4 Timetric’s Services 16.5 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ The Insurance Industry in Israel, Key Trends and Opportunities to 2017