Israel Insurance Report 2009
Business Monitor International, March 2009, Pages: 45
BMI's Israel Insurance Report provides independent forecasts and competitive intelligence on Israel's insurance industry.
As a relatively developed country with a sophisticated financial services sector and a favourable regulatory regime, Israel should be an attractive market for the world’s insurers. Recent growth has been steady, if not spectacular. There are no legal barriers to participation by foreign insurers: indeed, the local subsidiary of Italy’s Generali is one of the five largest players in both the non-life and the life segments. AIG is the other major international player. Overall, Israel is currently producing one of the highest premiums per capita in the world.
The sector is relatively crowded with major players, however. After a long wave of mergers and acquisitions, both the non-life and the life segments are dominated by five locally listed composite insurers. Some – such as Clal Insurance Pension & Finance Group, which recently bought the USA’s
Guard Financial – have expanded by buying niche insurers overseas. In general, though, the five leaders – Clal, Harel, Phoenix Insurance Company, Menorah Mivtachim and Migdal Insurance and Finance Holdings (the Generali subsidiary) – have little room to expand within Israel. Growth in premiums has thus become stagnant, a situation that is not aided by the recent world economic downturn. Operating profit has also been flat, and profits were down in 2007 from 2006. It is unlikely that additional international players will be seeking to enter the market.
The Sector At A Glance
Table: The Israel Insurance Sector At A Glance
Key Insights On Israel’s Insurance Sector
Israel Insurance Industry SWOT
Israel Political SWOT
Israel Economics SWOT
Israel Business Environment SWOT
Key Features Of This Report
Latest News
Comment – The Global Financial Crisis
Table: Selected European Countries’ Estimated Budget And Current Account, 2008 (as % of GDP)
Other Recent Developments
Table: Gross Written Premiums, Nine months to September 2007 (ILSmn)
Projections And Forecasts
Table: Insurance Data And Projections, 2005-2013
Projections And Drivers Of Growth
Table: Growth Drivers, 2005-2013
Country update
Macroeconomic Outlook
Table: Israel „Ÿ Macroeconomic Activity 2004-2013
Political Outlook
Regional Political Outlook
Insurance Business Environment Rating
Table: Israel’s Insurance Business Environment
Table: Middle East And Africa Insurance Business Environment Rankings
Regional Context
Table: Non-Life Premiums In A Regional Context, 2008
Table: Life Premiums In A Regional Context, 2008
Analysis Of Competitive Conditions
Table: Non Life Premiums, 2006 And 2007 (ILSmn)
Table: Life Premiums, 2006 And 2007 (ILSmn)
Company Profiles
AIG
Generali.
Country Snapshot: Israel Demographic Data
Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
Section 2: Education And Healthcare
Table: Education, 2002-2005
Table: Vital Statistics, 2005-2030
Section 3: Labour Market And Spending Power
Table: Employment Indicators, 2001-2006
Table: Consumer Expenditure, 2000-2012 (US$)
Table: Average Annual Wages, 2000-2012
Methodology
Basis Of Projections
Insurance Business Environment Rating
Table: Insurance Business Environment Indicators And Rationale
Table: Weighting Of Indicators
- AIG
- Generali
Product Samples
A sample for this product is available. Please Login/Register to download this sample.
Also available
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
