|
|
 |
|
Viewing report
|
|
|
|
Israel Insurance Report 2010
Business Monitor International, Dec 2009, Pages: 39
Business Monitor International's Israel Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Israel's insurance industry.
Israel is one of the most sophisticated financial services markets in the region with a sound regulatory regime and an attractive, open market for global insurers for whom there is no legal barrier to entry. The two largest foreign players are AIG and Generali which, through its shareholding in Migdal, is one of the oldest participants – foreign or domestic in the sector.
That said, the sector is relatively crowded and the five leaders – Clal, Harel, Phoenix Insurance Company, Menorah Mivtachim and Migdal Insurance and Finance Holdings (the Generali subsidiary) – with seemingly little room to expand within the country’s borders. Growth has been steady if unremarkable over the past few years. The Israel Insurance Association (IIA) says non-life premiums rose from ILS14,645mn in 2005 to ILS15,232mn in 2006, before falling again to ILS14,961mn in 2007. Premiums rose to ILS15,550mn in 2008. The publisher is looking for 5% growth in 2009, which is broadly consistent with the results posted through H109 by Harel and Clal.
As a relatively mature market, the publisher will see relatively stable penetration in the non-life sector, which has actually fallen slightly, from 2.38% in 2006 to 2.22% in 2007, 2.18% in 2008, recovering to 2.23% in 2009. The publisher anticipates steady growth in the next four years to around 2.7% in 2013.
A similar trend in life density is to be expected. That has risen steadily and relatively strongly since 2006 when it was US$508 to around the US$667 the publisher estimates for 2009. The publisher anticipates that trend will continue with life density rates rising to US$800 by 2013.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
Also available
Israel Insurance Report Q1 2008
Israel Insurance Report 2009
Customers who bought this item also bought
Israel Insurance Report 2011
Israel Insurance Report 2009
Israel Insurance Report 2012
Israel Insurance Report Q1 2008
Insurance Industry in The Middle East & Africa - Global Strategic Business Report
Israel Commercial Banking Report Q2 2010
North Africa Insurance Report 2011
Philippines Insurance Report Q1 2011
Philippines Insurance Report Q1 2011
Argentina Insurance Report Q1 2011
|
|
|
|
