BMI View: Israel's small insurance market is dynamic and highly innovative. Israeli households are keen
consumers of a range of insurance products, including health insurance. Rising income levels and a strong
employment market will further boost demand over the next few years. Israel's status as a centre of
innovation for the emerging InsurTech industry also adds to the market's appeal among investors, as seen
in the recent decision by Hong Kong investment group, Huabang Financial Holdings, to acquire a major
stake in local provider, Clal. On the other hand, robust anti-trust legislation and a fiercely competitive
operating environment present challenges to would-be investors.