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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Israeli non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Israel's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Israel non-life (P&C) market as well as trends by line of business. Axco analysts also report on Israel's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Israel's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Israel, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Israel, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Israel with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The Israeli insurance market is a sophisticated and mature market with a wide range of insurance covers available from local insurers as well as the international market. Development of the market in recent years has been fairly uneventful but there has been some market consolidation following the introduction of a tougher regulatory system.
In 2019, non-life business (including PA and healthcare), totalled ILS 32.01bn (USD 9.24bn), a decrease of 2.77% ....
This is a brief extract of information; more updated information may be available in the latest published report.