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The Insurance Industry in Palestine, Key Trends and Opportunities to 2018 - Product Image

The Insurance Industry in Palestine, Key Trends and Opportunities to 2018

  • ID: 2882093
  • July 2014
  • Region: Palestine
  • 142 pages
  • Timetric

FEATURED COMPANIES

  • Al-Mashreq Insurance
  • Global United Insurance
  • MORE

The report provides in-depth industry analysis, information and insights of the insurance industry in Palestine, including:
- The Palestinian insurance industry’s growth prospects by insurance segment and category
- The competitive landscape in the Palestinian insurance industry
- The current trends and drivers of the Palestinian insurance industry
- Challenges facing the Palestinian insurance industry
- Detailed regulatory framework of the Palestinian insurance industry

Summary
The Palestinian insurance industry is small, untapped and in a period of growth. Until 2004, the entire insurance industry was highly disorganized due to the absence of an insurance law. However, the situation ended later that year with the establishment of the Palestine Capital Market Authority (PCMA) as the insurance regulator. With the enactment of the Insurance Law 2005, the number of licensed insurance companies operating in the country reached 10 as of 2013.

Scope
This report provides a comprehensive analysis of the insurance industry in Palestine:
- It provides historical values for the Palestinian insurance industry for the report’s 2009–2013 READ MORE >

FEATURED COMPANIES

  • Al-Mashreq Insurance
  • Global United Insurance
  • MORE

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Palestinian Insurance Industry Overview
3.1 Palestinian Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
4 Industry Segmentation
4.1 Life Insurance
4.1.1 Individual life insurance
4.2 Non-Life Insurance
4.2.1 Property insurance
4.2.2 Motor insurance
4.2.3 Liability insurance
4.2.4 Marine, aviation and transit insurance
4.3 Personal Accident and Health Insurance
4.3.1 Personal accident insurance
4.3.2 Health insurance
4.4 Reinsurance
5 Governance, Risk and Compliance
5.1 Legislation Overview and Historical Evolution
5.2 Legislation and Market Practice by Type of Insurance
5.2.1 Life insurance
5.2.2 Property insurance
5.2.3 Motor insurance
5.2.4 Liability insurance
5.2.5 Marine, aviation and transit insurance
5.2.6 Personal accident and health insurance
5.3 Compulsory Insurance
5.3.1 Motor liability insurance
5.3.2 Workers’ compensation insurance
5.4 Supervision and Control
5.4.1 International Association of Insurance Supervisors (IAIS)
5.4.2 Palestine Capital Market Authority (PCMA)
5.4.3 Palestinian Insurance Federation (PIF)
5.5 Non-Admitted Insurance Regulations
5.5.1 Overview
5.5.2 Intermediaries
5.5.3 Market practices
5.5.4 Fines and penalties
5.6 Company Registration and Operations
5.6.1 Types of insurance organization
5.6.2 Establishing a local company
5.6.3 Foreign ownership
5.6.4 Types of license
5.6.5 Capital requirements
5.6.6 Solvency margins
5.6.7 Reserve requirements
5.6.8 Investment regulations
5.6.9 Statutory return requirements
5.6.10 Fee structure
5.7 Taxation
5.7.1 Insurance premium or policy taxation
5.7.2 Withholding taxes on premium paid overseas
5.7.3 Corporate tax
5.7.4 VAT
5.7.5 Captives
5.8 Legal System
5.8.1 Introduction
5.8.2 Access to court
5.8.3 Alternative dispute resolution (ADR)
6 Competitive Landscape
6.1 Overview
6.2 Leading Companies
6.2.1 Trust International Insurance – company overview
6.2.2 National Insurance Company – company overview
6.2.3 Global United Insurance – company overview
6.2.4 Al-Takaful Palestinian Insurance – company overview
6.2.5 Al-Mashreq Insurance – company overview
7 Economic Indicators
7.1 GDP at Constant Prices (US$)
7.2 Unemployment Rate (% of Total Labor Force)
8 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric’s Services
8.5 Disclaimer

Trust International Insurance
National Insurance Company
Global United Insurance
Al-Takaful Palestinian Insurance
Al-Mashreq Insurance

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