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Israel Insurance Report Q4 2017

Israel Insurance Report Q4 2017

BMI View:

Israel's small but dynamic and well-developed insurance sector will enjoy robust growththrough the forecast period, with demand for insurance lines supported by a strong domestic economytypified by low unemployment, rising income levels and robust consumer confidence. Positive demographictrends, including a growing retirement-age population will be an additional driver of growth, with thebiggest impact expected to be seen in the country's life and health and personal accident insurancesegments. A competitive operating environment, occupied by a small number of well-entrenched localbrands, will restrict access to the market for new entrants, with investments and partnerships with existingdomestic providers likely to provide the easiest method of access for overseas investors.

Key Updates And Forecasts

In September 2017, Israeli conglomerate IDB Development Corp announced the sale of the group's44.9% stake in leading domestic insurer, Clal, to Hong Kong investment group, Huabang FinancialHoldings. IDB's decision to invest its stake follows government legislation prohibiting holdingcompanies from owning both financial and non-financial businesses. On Huabang's part, the moveillustrated the growing international demand for access to Israel's fast-growing insurance market.


BMI Industry View
Table: Headline Insurance Forecasts (Israel 2014-2021)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Israel 2014-2021)
Table: Life Insurance Claims (Israel 2009-2013)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Israel 2014-2021)
Table: Non-Life Insurance Claims (Israel 2010-2013)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Israel 2014-2021)
Insurance Risk/Reward Index
Middle East And North Africa Insurance Risk/Reward Index
Table: Middle East And North Africa Insurance Risk/Reward Index, Q4 2017
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Table: Life Insurance Premiums (USDmn), 2007-2013
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Non-Life Insurance Premiums (USDmn), 2007-2013
Company Profile
Clal
Harel
Migdal
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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