Israel Insurance Report Q4 2016

Publisher Name :
Date: 05-Oct-2016
No. of pages: 47

BMI View: Israel's insurance market is well developed and diversified, with well capitalised domestic

providers ensuring a comprehensive range of products is available in both the life and non-life sectors.

Premium growth is expected to broadly track wider economic growth in the country, though we do see room

for product and distribution innovation to capture previously excluded sections of the potential consumer

base, leading to more rapid growth in sectors such as health and personal accident insurance.

Key Updates And Forecasts

- Transparency in the market is gradually improving. In September 2016 the Finance Ministry announced

plans to create a database of all insurance policies which consumers can access to ensure they do not

subscribe to multiple policies covering the same risk.

- Attempts continue to sell IDB Development Corp's 55% stake in leading domestic insurance provider

Clal. IDB has reportedly instructed JP Morgan to find a buyer after two attempts to sell the insurer to

Chinese investors failed.

- We hold a broadly positive outlook for Israel's life and non-life sectors. In the larger life sector,

premiums are forecast to grow by 3.3% in 2016 to reach ILS30.3bn while in the non-life sector we expect

to see stronger growth of 6.9% to reach a total of ILS25.4bn.

Israel Insurance Report Q4 2016

Table of Contents

BMI Industry View 5
Table: Headline Insurance Forecasts (Israel 2013-2020) 5
SWOT 6
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Israel 2013-2020) 11
Table: Life Insurance Claims (Israel 2008-2013) 12
Non-Life Premiums Forecast 13
Table: Non-Life Premiums (Israel 2013-2020) 15
Table: Non-Life Insurance Claims (Israel 2009-2013) 17
Non-Life Sub-Sector Forecast 18
Table: Non-Life Insurance Premiums by Product Line (Israel 2013-2020) 24
Insurance Risk/Reward Index 26
MENA Insurance Risk/Reward Index 26
Table: MENA Insurance Risk/Reward Index - Q416 27
Market Overview 28
Life Market Overview 28
The Product Offering 28
The Competitive Landscape 28
Table: Life Insurance Premiums (USDmn), 2007-2013 30
Non-Life Market Overview 31
The Product Offering 31
The Competitive Landscape 31
Table: Non-Life Insurance Premiums (USDmn), 2007-2013 32
Company Profile 34
Clal 34
Harel 36
Migdal 39
Methodology 41
Industry Forecast Methodology 41
Risk/Reward Index Methodology 44
Table: Indicators 46
Table: Weighting of Indicators 47

List of Tables

Table: Headline Insurance Forecasts (Israel 2013-2020)
Table: Life Premiums (Israel 2013-2020)
Table: Life Insurance Claims (Israel 2008-2013)
Table: Non-Life Premiums (Israel 2013-2020)
Table: Non-Life Insurance Claims (Israel 2009-2013)
Table: Non-Life Insurance Premiums by Product Line (Israel 2013-2020)
Table: MENA Insurance Risk/Reward Index - Q416
Table: Life Insurance Premiums (USDmn), 2007-2013
Table: Non-Life Insurance Premiums (USDmn), 2007-2013
Table: Indicators
Table: Weighting of Indicators
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