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The Insurance Industry in Palestine, Key Trends and Opportunities to 2021

The Insurance Industry in Palestine, Key Trends and Opportunities to 2021

The Insurance Industry in Palestine, Key Trends and Opportunities to 2021

Synopsis

Timetric’s 'The Insurance Industry in Palestine, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Palestinian insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2012–2016) and forecast period (2016–2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Palestinian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'The Insurance Industry in Palestine, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Palestinian insurance industry, including:

  • The Palestinian insurance industry's growth prospects by segment and category
  • A comprehensive overview of Palestinian economy and demographics
  • The detailed competitive landscape in the Palestinian insurance industry
  • The various distribution channels in the Palestinian insurance industry
  • Detailed regulatory policies of the Palestinian insurance industry
  • Analysis of natural hazards in Palestinian insurance industry
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 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
  • It offers a detailed analysis of the key segments in the Palestinian insurance industry, along with market forecasts until 2021.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It analyzes the various distribution channels in Palestine.
  • It profiles the top insurance companies in Palestine and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Palestinian insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Palestinian insurance industry.
  • Assess the competitive dynamics in the Palestinian insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Palestinian insurance industry and their impact on companies and the industry's future.
Key Highlights
  • The Palestinian National Security Committee introduced a social security scheme in October 2015 to cover all private sector employees. This will cover survivor’s pension, maternity and employment injury benefits, old age and disability benefits and funeral grants.
  • In February 2016, the Palestinian Monetary Authority (PMA), introduced credit life insurance as a regulatory requirement for taking into account actual risk and liability of credit providers associated with credit agreements.
  • According to the United Nations Conference on Trade and Development (UNCTAD), the total foreign direct investment (FDI) inflow in Palestine rose from ILS225.2 million (US$58.4 million) in 2012 to ILS1.0 billion (US$268.9 million) in 2016 at a CAGR of 46%.


  • Key Facts and Highlights
    • Table Palestinian Insurance Industry - Key Facts, 2016
    • Table Palestinian Insurance Industry - Top Insurers, 2016
  • Executive Summary
  • Economy and Demographics
  • Industry Outlook
    • Industry Indicators
      • Gross written premium
        • Table Palestinian Insurance Industry - Gross Written Premium by Segment (ILS Million), 2012-2016
        • Table Palestinian Insurance Industry - Gross Written Premium by Segment (ILS Million), 2016-2021
      • Claims
        • Table Palestinian Insurance Industry - Paid Claims by Segment(ILS Million), 2012-2016
        • Table Palestinian Insurance Industry - Paid Claims by Segment(ILS Million), 2016-2021
      • Assets and investments
        • Table Palestinian Insurance Industry - Total Assets by Segment (ILS Million), 2012-2016
        • Table Palestinian Insurance Industry - Total Assets by Segment (ILS Million), 2016-2021
  • Non-Life Insurance Outlook
    • Property Insurance
      • Gross written premium
        • Table Palestinian Property Insurance - Gross Written Premium (ILS Million and US$ Million), 2012-2016
        • Table Palestinian Property Insurance - Gross Written Premium (ILS Million and US$ Million), 2016-2021
      • Claims
        • Table Palestinian Property Insurance - Paid Claims (ILS Million and US$ Million), 2012-2016
        • Table Palestinian Property Insurance - Paid Claims (ILS Million and US$ Million), 2016-2021
      • Profitability
        • Table Palestinian Property Insurance - Loss Ratio (%), 2012-2016
        • Table Palestinian Property Insurance - Loss Ratio(%), 2016-2021
    • Motor Insurance
      • Gross written premium
        • Table Palestinian Motor Insurance - Gross Written Premium (ILS Million and US$Million), 2012-2016
        • Table Palestinian Motor Insurance - Gross Written Premium (ILS Million and US$ Million), 2016-2021
      • Claims
        • Table Palestinian Motor Insurance - Paid Claims (ILS Million and US$ Million), 2012-2016
        • Table Palestinian Motor Insurance - Paid Claims (ILS Million and US$ Million), 2016-2021
      • Profitability
        • Table Palestinian Motor Insurance - Loss Ratio (%), 2012-2016
        • Table Palestinian Motor Insurance - Loss Ratio(%), 2016-2021
    • Liability Insurance
      • Gross written premium
        • Table Palestinian Liability Insurance - Gross Written Premium (ILS Million and US$ Million), 2012-2016
        • Table Palestinian Liability Insurance - Gross Written Premium (ILS Million and US$ Million), 2016-2021
      • Claims
        • Table Palestinian Liability Insurance - Paid Claims (ILS Million and US$ Million), 2012-2016
        • Table Palestinian Liability Insurance - Paid Claims (ILS Million and US$ Million), 2016-2021
      • Profitability
        • Table Palestinian Liability Insurance - Loss Ratio (%), 2012-2016
        • Table Palestinian Liability Insurance - Loss Ratio(%), 2016-2021
    • Marine, Aviation and Transit Insurance
      • Gross written premium
        • Table Palestinian Marine, Aviation and Transit Insurance - Gross Written Premium (ILS Million and US$ Million), 2012-2016
        • Table Palestinian Marine, Aviation and Transit Insurance - Gross Written Premium (ILS Million and US$ Million), 2016-2021
      • Claims
        • Table Palestinian Marine, Aviation and Transit Insurance - Paid Claims (ILS Million and US$ Million), 2012-2016
        • Table Palestinian Marine, Aviation and Transit Insurance - Paid Claims (ILS Million and US$ Million), 2016-2021
      • Profitability
        • Table Palestinian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2012-2016
        • Table Palestinian Marine, Aviation and Transit Insurance - Loss Ratio(%), 2016-2021
  • Personal Accident and Health Insurance Outlook
    • Health Insurance
      • Gross written premium
        • Table Palestinian Health Insurance - Gross Written Premium (ILS Million and US$ Million), 2012-2016
        • Table Palestinian Health Insurance - Gross Written Premium (ILS Million and US$ Million), 2016-2021
      • Claims
        • Table Palestinian Health Insurance - Paid Claims (ILS Million and US$ Million), 2012-2016
        • Table Palestinian Health Insurance - Paid Claims (ILS Million and US$ Million), 2016-2021
      • Profitability
        • Table Palestinian Health Insurance - Loss Ratio (%), 2012-2016
        • Table Palestinian Health Insurance - Loss Ratio(%), 2016-2021
    • Premium Ceded
      • Table Palestinian Reinsurance - Premium Ceded by Insurance Segment (ILS Million), 2012-2016
      • Table Palestinian Reinsurance - Premium Ceded by Insurance Segment (ILS Million), 2016-2021
  • Distribution Channel Outlook
    • Table Palestinian Insurance Industry - Agents and Producers, March 2016-2017
    • Table Palestinian Insurance Industry - Branches, March 2016-2017
  • Natural and Man-Made Hazards
    • Flooding
    • Winter Storms
    • Man-Made Hazard
    • Exposure
  • Competitive Landscape
    • Table Palestinian Non-Life Insurance - Segment Shares of the Leading Insurers (%), 2016
    • Table Palestinian Life Insurance - Market Shares of Leading Insurers (%), 2016
    • Table Palestinian Insurance - Market Shares of the Leading Health Insurers (%), 2016
    • Company Profiles
      • Trust International Insurance - company overview
        • Table Trust International Insurance - Key Facts
      • National Insurance Company - company overview
        • Table National Insurance Company - Key Facts
      • Global United Insurance - company overview
        • Table Global United Insurance - Key Facts
      • Al-Takaful Insurance - company overview
        • Table Al-Takaful Palestinian Insurance - Key Facts
      • Al-Mashreq Insurance - company overview
        • Table Al-Mashreq Insurance - Key Facts
  • Governance, Risk and Compliance
    • Table Palestine - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Palestine - Life Insurance Regulatory Framework
      • Property insurance
        • Table Palestine - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Palestine - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Palestine - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third party liability insurance
        • Table Palestine - Minimum Tariff for Mechanical Vehicle Insurance
      • Workers' compensation insurance
        • Table Palestine - Minimum Tariff for Workmen's Compensation Insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Palestine Capital Market Authority (PCMA)
      • Palestinian Insurance Federation (PIF)
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
        • Table Palestine - Deposit Requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Palestine - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Life Insurance
      • Policies and premium
        • Table Palestinian Life Insurance - Policies and Premium, 2012-2016
        • Table Palestinian Life Insurance - Policies and Premium, 2016-2021
      • Claims and expenses
        • Table Palestinian Life Insurance - Claims and Expenses, 2012-2016
        • Table Palestinian Life Insurance - Claims and Expenses, 2016-2021
      • Assets and investments
        • Table Palestinian Life Insurance - Assets and Investments, 2012-2016
        • Table Palestinian Life Insurance - Assets and Investments, 2016-2021
    • Non-Life Insurance
      • Policies and premium
        • Table Palestinian Non-Life Insurance - Policies and Premium, 2012-2016
        • Table Palestinian Non-Life Insurance - Policies and Premium, 2016-2021
      • Claims and expenses
        • Table Palestinian Non-Life Insurance - Claims and Expenses, 2012-2016
        • Table Palestinian Non-Life Insurance - Claims and Expenses, 2016-2021
      • Assets and investments
        • Table Palestinian Non-Life Insurance - Assets and Investments, 2012-2016
        • Table Palestinian Non-Life Insurance - Assets and Investments, 2016-2021
      • Property insurance
        • Table Palestinian Non-Life Insurance - Property Insurance, 2012-2016
        • Table Palestinian Non-Life Insurance - Property Insurance, 2016-2021
      • Property insurance by category
        • Table Palestinian Non-Life Insurance - Property Insurance by Category, 2012-2016
        • Table Palestinian Non-Life Insurance - Property Insurance by Category, 2016-2021
      • Motor insurance
        • Table Palestinian Non-Life Insurance - Motor Insurance, 2012-2016
        • Table Palestinian Non-Life Insurance - Motor Insurance, 2016-2021
      • Liability insurance
        • Table Palestinian Non-Life Insurance - Liability Insurance, 2012-2016
        • Table Palestinian Non-Life Insurance - Liability Insurance, 2016-2021
      • Marine, aviation and transit insurance
        • Table Palestinian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2012-2016
        • Table Palestinian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2016-2021
    • Personal Accident and Health Insurance
      • Policies and premium
        • Table Palestinian Health Insurance - Policies and Premium, 2012-2016
        • Table Palestinian Health Insurance - Policies and Premium, 2016-2021
      • Claims and expenses
        • Table Palestinian Health Insurance - Claims and Expenses, 2012-2016
        • Table Palestinian Health Insurance - Claims and Expenses, 2016-2021
      • Assets and investments
        • Table Palestinian Health Insurance - Assets and Investments, 2012-2016
        • Table Palestinian Health Insurance - Assets and Investments, 2016-2021
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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