Market Research Logo

Non-Life Insurance in Israel, Key Trends and Opportunities to 2020

Non-Life Insurance in Israel, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in Israel, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Israeli non-life insurance segment, and a comparison of the Israeli insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Israeli economy and demographics, explains the various types of natural hazard and their impact on the Israeli insurance industry, 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 'Non-Life Insurance in Israel, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Israeli non-life insurance segment, including:

  • The Israeli non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Israeli economy and demographics
  • A comparison of the Israeli non-life insurance segment with its regional counterparts
  • The various distribution channels in the Israeli non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Israeli insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Israel
  • Details of regulatory policy applicable to the Israeli insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Israel:
  • It provides historical values for the Israeli non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Israeli non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Israeli non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Israel.
  • It analyzes various natural hazards and their impact on the Israeli insurance industry
  • It profiles the top non-life insurance companies in Israel, 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 Israeli non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Israeli non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Israeli insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • In March 2017, Intel acquired Mobileye, an Israeli insurtech provider, for ILS58.5 billion (US$15.0 billion).
  • In 2015, Coface, a company which foresees and assesses trade risk, was granted a license from Capital Markets, Insurance and Savings Division (CMISD) to operate in Israel as a credit insurer.
  • In February 2017, the Leviathan gas project, considered to be one of Israel’s largest infrastructure projects, received final approval from the Ministry.
  • In January 2017, the Israeli government approved a five year plan to implement innovative solutions in Israel’s transportation sector, which is expected to value ILS27.9 billion (US$7.0 billion) by 2030.


  • Key Facts and Highlights
    • Table Israeli Non-Life Insurance – Key Facts, 2015
    • Table Israeli Non-Life Insurance – Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Israeli Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Israeli Non-Life Insurance – Gross Written Premium (ILS Billion and US$ Billion), 2011–2015
        • Table Israeli Non-Life Insurance – Penetration (%), 2011–2015
        • Table Israeli Non-Life Insurance – Gross Written Premium (ILS Billion and US$ Billion), 2015–2020
        • Table Israeli Non-Life Insurance – Penetration (%), 2015–2020
        • Table Israeli Non-Life Insurance – Premium per Capita (ILS Thousand and US$), 2011–2015
        • Table Israeli Non-Life Insurance – Premium per Capita (ILS Thousand and US$), 2015–2020
      • Claims
        • Table Israeli Non-Life Insurance – Paid Claims (ILS Billion and US$ Billion), 2011–2015
        • Table Israeli Non-Life Insurance – Paid Claims (ILS Billion and US$ Billion), 2015–2020
      • Profitability
        • Table Israeli Non-Life Insurance – Loss Ratio (%), 2011–2015
        • Table Israeli Non-Life Insurance – Loss Ratio (%), 2015–2020
  • Outlook by Category
    • Table Israeli Non-Life Insurance – Direct Written Premium by Category (ILS Billion), 2011–2015
    • Table Israeli Non-Life Insurance – Direct Written Premium by Category (ILS Billion), 2015–2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Israeli Property Insurance – Direct Written Premium by Sub-Category (ILS Billion), 2011–2015
        • Table Israeli Property Insurance – Direct Written Premium by Sub-Category (ILS Billion), 2015–2020
      • Claims
        • Table Israeli Property Insurance – Paid Claims (ILS Million and US$ Million), 2011–2015
        • Table Israeli Property Insurance – Paid Claims (ILS Million and US$ Million), 2015–2020
      • Profitability
        • Table Israeli Property Insurance – Loss Ratio (%), 2011–2015
        • Table Israeli Property Insurance – Loss Ratio (%), 2015–2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Israeli Motor Insurance – Direct Written Premium by Sub-Category (ILS Billion), 2011–2015
        • Table Israeli Motor Insurance – Direct Written Premium by Sub-Category (ILS Billion), 2015–2020
      • Policies sold
        • Table Israeli Motor Insurance – Number of Policies Sold by Sub-Category (Thousand), 2011–2015
        • Table Israeli Motor Insurance – Number of Policies Sold by Sub-Category (Thousand), 2015–2020
      • Claims
        • Table Israeli Motor Insurance – Paid Claims (ILS Billion and US$ Million), 2011–2015
        • Table Israeli Motor Insurance – Paid Claims (ILS Billion and US$ Million), 2015–2020
      • Profitability
        • Table Israeli Motor Insurance – Loss Ratio (%), 2011–2015
        • Table Israeli Motor Insurance – Loss Ratio (%), 2015–2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Israeli Liability Insurance – Direct Written Premium (ILS Billion and US$ Million), 2011–2015
        • Table Israeli Liability Insurance – Direct Written Premium (ILS Billion and US$ Million), 2015–2020
      • Claims
        • Table Israeli Liability Insurance – Paid Claims (ILS Billion and US$ Million), 2011–2015
        • Table Israeli Liability Insurance – Paid Claims (ILS Billion and US$ Million), 2015–2020
      • Profitability
        • Table Israeli Liability Insurance – Loss Ratio (%), 2011–2015
        • Table Israeli Liability Insurance – Loss Ratio (%), 2015–2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Israeli Transport Network – Global Rankings
      • Premium
        • Table Israeli Marine, Aviation and Transit Insurance – Direct Written Premium (ILS Million and US$ Million), 2011–2015
        • Table Israeli Marine, Aviation and Transit Insurance – Direct Written Premium (ILS Million and US$ Million), 2015–2020
      • Claims
        • Table Israeli Marine, Aviation and Transit Insurance – Paid Claims (ILS Million and US$ Million), 2011–2015
        • Table Israeli Marine, Aviation and Transit Insurance – Paid Claims (ILS Million and US$ Million), 2015–2020
      • Profitability
        • Table Israeli Marine, Aviation and Transit Insurance – Loss Ratio (%), 2011–2015
        • Table Israeli Marine, Aviation and Transit Insurance – Loss Ratio (%), 2015–2020
  • Distribution Channel Outlook
    • Table Israeli Non-Life Segment Distribution Channel – Number of Licensed Agents and Agencies of Top Five Insurers, 2015
  • Natural and Man-Made Hazards
    • Flooding
    • Earthquakes
    • Wildfires
    • Terrorism
    • Exposure
  • Competitive Landscape
    • Table Israeli Non-Life Segment – Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Harel Insurance Company – company overview
        • Table Harel Insurance Company – Key Facts
      • The Phoenix Insurance Company – company overview
        • Table The Phoenix Insurance Company – Key Facts
      • Clal Insurance Enterprises Holdings Ltd – company overview
        • Table Clal Insurance Enterprises Holdings Ltd – Key Facts
      • Menorah Mivtachim Insurance Company – company overview
        • Table Menorah Mivtachim Insurance Company – Key Facts
      • Migdal Insurance Company – company overview
        • Table Migdal Insurance Company – Key Facts
  • Governance, Risk and Compliance
    • Table Israel – 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 Israel – Life Insurance Regulatory Framework
      • Property insurance
        • Table Israel – Property Insurance Regulatory Framework
      • Motor insurance
        • Table Israel – Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Israel – Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Workers' compensation insurance
      • National insurance system
      • Liability for ships with respect to oil pollution
      • Professional indemnity insurance for portfolio manager
      • Professional indemnity insurance for investment advisor and marketing agent
      • Health insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Capital Markets, Insurance and Savings Division
      • Israel Insurance Association
      • The Association of Life Insurance Companies of Israel Ltd
    • Non-Admitted Insurance Regulations
      • 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
      • 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 Israel – Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Israeli Insurance Industry – Policies and Premium, 2011–2015
      • Table Israeli Insurance Industry – Policies and Premium, 2015–2020
    • Claims and Expenses
      • Table Israeli Non-Life Insurance – Claims and Expenses, 2011–2015
      • Table Israeli Non-Life Insurance – Claims and Expenses, 2015–2020
    • Property Insurance
      • Table Israeli Non-Life Insurance – Property Insurance, 2011–2015
      • Table Israeli Non-Life Insurance – Property Insurance, 2015–2020
    • Property Insurance by Product
      • Table Israeli Non-Life Insurance – Property Insurance by Product, 2011–2015
      • Table Israeli Non-Life Insurance – Property Insurance by Product, 2015–2020
    • Motor Insurance
      • Table Israeli Non-Life Insurance – Motor Insurance, 2011–2015
      • Table Israeli Non-Life Insurance – Motor Insurance, 2015–2020
    • Motor Insurance by Product
      • Table Israeli Non-Life Insurance – Motor Insurance by Product, 2011–2015
      • Table Israeli Non-Life Insurance – Motor Insurance by Product, 2015–2020
    • Liability Insurance
      • Table Israeli Non-Life Insurance – Liability Insurance, 2011–2015
      • Table Israeli Non-Life Insurance – Liability Insurance, 2015–2020
    • Marine, Aviation and Transit Insurance
      • Table Israeli Non-Life Insurance – Marine, Aviation and Transit Insurance, 2011–2015
      • Table Israeli Non-Life Insurance – Marine, Aviation and Transit Insurance, 2015–2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report