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Israel Insurance Report Q1 2016

Israel Insurance Report Q1 2016

BMI View: Both the life and the non-life segments of Israel's sophisticated insurance sector should benefitfrom the ageing of the population. There are upside risks to our forecasts for the life segment; however,there are both upside and downside risks for the smaller non-life segment.

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Israel's insurance sector has a number of features in common with its counterpart in South Africa. Thecountry's unusual history means that both segments are dominated by a small number of very substantialand sophisticated indigenous composite groups. Life insurance is substantially larger than non-lifeinsurance, and has greater growth potential. Life insurance plays an important role as a conduit fororganised savings.

Recent results from the largest insurers confirm that they are benefiting from a number of factors. Inparticular, life insurance is seen as an attractive opportunity relative to other savings and investments,given very low interest rates and the volatility of financial markets. Over the long-term, demand forretirement income products will grow thanks to the ageing of the population. The risks to our forecastsare overwhelmingly to the upside.


BMI Industry View
Table: Headline Insurance Forecasts (Israel 2012-2019)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Israel 2012-2019)
Table: Life Insurance Claims (Israel 2007-2014)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Israel 2012-2019)
Table: Non-Life Insurance Claims (Israel 2008-2014)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Israel 2012-2019)
Industry Risk Reward Ratings
MENA Insurance Risk/Reward Index
Table: MENA Insurance Risk/Reward Index
Market Overview
Life Market Overview
The Product Offering
Table: Life Insurance Premiums (USDmn), 2007-2013
The Competitive Landscape
Table: Life Market (%), 2007-2013
Non-Life Market Overview
The Product Offering
Table: Non-Life Insurance Premiums (USDmn), 2007-2015
The Competitive Landscape
Table: Non-Life Segment (%), 2007-2013
Company Profile
Clal
Harel
Migdal
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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