Israel Insurance Report 2014

Date: November 20, 2013
Pages: 67
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download

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Includes 3 FREE quarterly updates

BMI View: The main themes and trends within Israel's insurance sector have remained unchanged for several years. As is the case in South Africa and Taiwan, a peculiar geopolitical and financial history has resulted in the domination of the sector by a small number of diversified financial services organisations, whose interests generally go beyond insurance. These organisations are, in world terms, sophisticated and large. However, they do not constitute a cosy oligopoly: the normal situation includes downwards pressure on prices and margins, competition by way of product innovation and development of new distribution channels and attention of antitrust regulators. The market is emphatically open to foreign competition. However, the strengths of the entrenched local players are such that few foreign insurers see the market as offering an attractive opportunity.

The demographics of Israel are such that the life segment is continuing to grow steadily, if not rapidly. However, and in spite of being in a steadily rising trend, life density (premiums per capita) are not particularly high for a country of Israel's per capita incomes. This is because conventional life insurance faces substantial competition as a conduit for organised savings from pension funds, the main providers of which are the leading local life insurers. Through 2013, the main change to the competitive landscape is that Harel has acquired the life insurance business of Eliahu, and the asset management and mutual fund operations of Clal Finance. Thanks to the better performance of financial markets through 2013, most of the companies in the life segment have reported a significant improvement to investment earnings in the latest year.
BMI Industry View
  Table: Israel Total Premiums, 2010-2017
Business Environment
Industry Forecast
  Table: Israel Life Premiums, 2010-2017
Non Life
  Table: Israel Non Life Premiums, 2010-2017
Industry Risk Reward Ratings
Israel Insurance Risk/Reward Ratings
  Table: Israel's Insurance Risk/Reward Ratings
MENA Insurance Risk/Reward Ratings 2014
  Table: MENA Insurance Risk/Reward Ratings
Market Overview
Non Life
Industry Trends And Developments
Life Growth Drivers and Risk Management Projections
  Table: Insurance Key Drivers, Demographics 2010-2017
Non Life Growth Drivers and Risk Management Projections
Macroeconomic Forecast
Political Outlook
  Table: Middle East And Africa Regional Security Ratings
Healthcare Sector
Healthcare Insurance
  Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
  Table: Insurance Key Drivers, Autos 2010-2017
Competitive Landscape
Competitive Landscape - Middle East and North Africa 2014
Company Profile
Regional Overview
Middle East and Africa Overview Non Life Sector Overview
  Table: Non-Life Premiums (US$mn) 2010-2017
Middle East and Africa Overview Life Sector Overview
  Table: Life Premiums (US$mn) 2010-2017
Demographic Forecast
Demographic Outlook
  Table: Israel's Population By Age Group, 1990-2020 ('000)
  Table: Israel's Population By Age Group, 1990-2020 (% of total)
  Table: Israel's Key Population Ratios, 1990-2020
  Table: Israel's Rural/Urban Population Split, 1990-2020
Industry Forecast Methodology
Risk/Reward Rating Methodology
  Table: Insurance Risk/Reward Ratings Indicators
  Table: Weighting Of Indicators
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