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TABLE OF CONTENTS 1.
Israel Insurance Market Introduction and Size by Gross Written Premiums, 2007-2012
2.
Israel Insurance Market Segmentation by Life and Non-Life, 2007-2012
3.
Israel Life Insurance Market
4.
5.
6.
7.
3.1.
Israel Life Insurance Market Introduction and Size, 2007-2012
3.2.
Market Share of Major Players in Israel Life Insurance Market, 2007-2012
3.3.
Future Projections for Israel Life Insurance Market, 2013-2017
Israel Non-Life Insurance Market 4.1.
Israel Non-Life Insurance Market Size, 2007-2012
4.2.
Israel Non-Life Insurance Market Segmentation, 2007-2012
4.3.
Market Share of Major Players in Israel Non-Life Insurance Market, 2007-2012
4.4.
Future Projections for Israel Non-Life Insurance Market, 2013-2017
Israel Motor Vehicle Property Insurance Market 5.1.
Israel Motor Vehicle Property Insurance Market Introduction and Size, 2007-2012
5.2.
Future Projections for Israel Motor Vehicle Property Insurance Market, 2013-2017
Israel Motor Vehicle Compulsory Insurance Market 6.1.
Israel Motor Vehicle Compulsory Insurance Market Introduction and Size, 2007-2012
6.2.
Market Share of Major Players in Israel Motor Insurance Market, 2010 and 2012
6.3.
Future Projections for Israel Motor Vehicle Compulsory Insurance Market, 2013-2017
Israel Health and Hospitalization Insurance Market 7.1.
Israel Health and Hospitalization Insurance Market Introduction and Size, 2007-2012
7.2. Market Share of Major Players in Israel Health and Hospitalization Insurance Market, 2010 and 2012 7.3. 8.
Future Projections for Israel Health and Hospitalization Insurance Market, 2013-2017
Israel Loss of Property and Comprehensive Business Insurance Market 8.1. Israel Loss of Property and Comprehensive Business Insurance Market Introduction and Size, 2007-2012 2 Š This is a licensed product of Ken Research and should not be copied
8.2. 2012
Market Share of Major Players in Israel Loss of Property Insurance Market, 2010 and
8.3. Future Projections for Israel Loss of Property and Comprehensive Business Insurance Market, 2013-2017 9.
Israel Comprehensive Flats Insurance Market 9.1.
Israel Comprehensive Flats Insurance Market Introduction and Size, 2007-2012
9.2.
Future Projections for Israel Comprehensive Flats Insurance Market, 2013-2017
10.
Israel Personal Accidents Insurance Market
10.1.
Israel Personal Accidents Insurance Market Introduction and Size, 2007-2012
10.2. 2012
Market Share of Major Players in Israel Personal Accident Insurance Market, 2010 and
10.3.
Future Projections for Israel Personal Accidents Insurance Market, 2013-2017
11. 11.1.
Israel Employers Liability Insurance Market
12.
Israel Employers Liability Insurance Market Size and Future Projections, 2007-2017
12.1.
Israel Engineering Insurance Market
13.
Israel Engineering Insurance Market Introduction and Size, 2007-2017
13.1.
Israel Mortgage Banks Insurance Market
14.
Israel Mortgage Banks Insurance Market Size and Future Projections, 2007-2017 Israel Marine Freight Insurance Market
14.1.
Israel Marine Freight Insurance Market Introduction and Size, 2007-2012
14.2.
Future Projections for Israel Marine Freight Insurance Market, 2013-2017
15.
Israel Aircraft & Vessel Insurance Market
15.1.
Israel Aircraft & Vessel Insurance Market Introduction and Size, 2007-2012
15.2.
Future Projections for Israel Aircraft & Vessel Insurance Market, 2013-2017
16. 16.1.
Israel Other Liabilities and Risks Insurance Market Israel Other Liabilities and Risks Insurance Market Introduction and Size, 2007-2017
17.
Government Regulations in Israel Insurance Market
18.
Israel Insurance Market Future Outlook and Projections, 2013-2017 3 Š This is a licensed product of Ken Research and should not be copied
19.
Company Profiles of Major Players in Israel Insurance Market
20.
Macroeconomic Factors
20.1.
Population, 2007-2017
20.2.
Healthcare Expenditure, 2007-2017
20.3.
GDP at Current Prices, 2007-2017
20.4.
Number of Motor Vehicles In-use, 2007-2017
20.5.
Government Outlay on Housing and Community Amenities, 2007-2017
21.
Appendix
21.1.
Market Definition
21.2.
Abbreviations
21.3.
Research Methodology Data Collection Methods Approach Variables (Dependent and Independent) Multi Factor Based Sensitivity Model Final Conclusion
21.4.
Disclaimer
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LIST OF FIGURES Figure 1: Israel Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 2: Israel Insurance Market Segmentation by Life and Non-Life on the basis of Gross Witten Premiums in Percentage, 2007-2012 Figure 3: Israel Life Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 4: Israel Life Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 5: Israel Non-Life Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 6: Israel Non-Life Insurance Market Segmentation on the basis of Gross Written Premiums in Percentage, 2007-2012 Figure 7: Israel Non-Life Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 8: Israel Motor Vehicle Property Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 9: Israel Motor Vehicle Property Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 10: Israel Motor Vehicle Compulsory Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 12: Israel Motor Vehicle Compulsory Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 13: Israel Health and Hospitalization Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 15: Israel Health and Hospitalization Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 16: Israel Loss of Property and Comprehensive Business Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 18: Israel Loss of Property and Comprehensive Business Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017
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Figure 19: Israel Comprehensive Flats Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 20: Israel Comprehensive Flats Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 21: Israel Personal Accidents Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 23: Israel Personal Accidents Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 24: Israel Employers Liability Insurance Market Size and Future Projections on the basis of Gross Written Premiums in USD Million, 2007-2017 Figure 25: Israel Engineering Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2017 Figure 26: Israel Mortgage Banks Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2017 Figure 27: Israel Marine Freight Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 28: Israel Marine Freight Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 29: Israel Aircraft and Vessel Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 30: Israel Aircraft and Vessel Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 31: Israel Other Liabilities and Risks Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2017 Figure 32: Israel Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 33: Israel Population in Million, 2007-2017 Figure 34: Israel Healthcare Expenditure in USD Million, 2007-2017 Figure 35: Israel GDP at Current Prices in USD Million, 2007-2017 Figure 36: Israel Number of Motor Vehicles In-use in Million, 2007-2017 Figure 37: Government Outlay on Housing and Community Amenities in USD Million, 20072017 6 Š This is a licensed product of Ken Research and should not be copied
LIST OF TABLES Table 1: Market Share of Major Players in Israel Life Insurance Market on the Basis of Gross Written Premiums in Percentage, 2007-2012 Table 2: Gross Written Premiums by Major Players in Israel Life Insurance Market in USD Million, 2007-2012 Table 3: Market Share of Major Players in Israel Non-Life Insurance Market on the Basis of Gross Written Premiums in Percentage, 2007-2012 Table 4: Gross Written Premiums by Major Players in Israel Non-Life Insurance Market in USD Million, 2007-2012 Table 5: Market Share of Major Players in Israel Motor Insurance Market on the basis of Gross Written Premiums in Percentage, 2010 and 2012 Table 6: Gross Written Premiums by Major Players in Israel Motor Insurance Market in USD Million, 2010 and 2012 Table 7: Market Share of Major Players in Israel Health and Hospitalization Insurance Market on the basis of Gross Written Premiums in Percentage, 2010 and 2012 Table 8: Gross Written Premiums by Major Players in Israel Health and Hospitalization Insurance Market in USD Million, 2010 and 2012 Table 9: Market Share of Major Players in Israel Loss of Property Insurance Market on the basis of Gross Written Premiums in Percentage, 2010 and 2012 Table 10: Gross Written Premiums by Major Players in Israel Loss of Property Insurance Market in USD Million, 2010 and 2012 Table 11: Market Share of Major Players in Israel Personal Accident Insurance Market on the basis of Gross Written Premiums in Percentage, 2010 and 2012 Table 12: Gross Written Premiums by Major Players in Israel Personal Accident Insurance Market in USD Million, 2010 and 2012 Table 13: Competitive Landscape of Major Players in Israel Insurance Market Table 14: Gross Premiums Underwritten by Major Players in Israel Insurance Market in USD Million, 2008-2012 Table 15: Profit (Loss) Before Tax of the Major Players in Israel Insurance Market in USD Million, 2008-2012 Table 16: Correlation Matrix for Motor Vehicle Property Insurance Market
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Table 17: Regression Coefficients Output
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ISRAEL INSURANCE MARKET INTRODUCTION AND SIZE BY GROSS WRITTEN PREMIUMS, 2007-2012
…With total insurance premium of USD ~ million in 2012, the Israeli insurance market is significant in absolute terms as well as percentage of GDP. The insurance penetration in the country is comparable with number of OECD countries. The high insurance penetration indicates that the insurance premiums are significant part of the country’s economic activity…
Figure: Israel Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 14,000.0 12,000.0 9,879.3
USD Million
10,000.0 8,000.0 6,000.0 4,000.0 2,000.0 0.0 2007
2008
2009
2010
2011
2012P
ISRAEL INSURANCE MARKET SEGMENTATION BY LIFE AND NON-LIFE, 2007-2012
The insurance market of Israel can be classified into life and non-life insurance as two broad segments. The market is dominated by life insurance which represented ~% of the gross premiums underwritten in the country in the year 2012. Non-life insurance on the other hand accounted for ~% of the insurance business in Israel in the same year. The contribution of the life insurance segment in the insurance market of Israel has increased significantly during 20072012… 9 © This is a licensed product of Ken Research and should not be copied
Figure: Israel Insurance Market Segmentation by Life and Non-Life on the basis of Gross Witten Premiums in Percentage, 2007-2012 100.0% 90.0% 80.0% 70.0%
50.8%
Percentage
60.0% 50.0% 40.0% 30.0% 50.0% 20.0% 10.0% 0.0% 2007
2008
2009 Life
2010
2011
2012
Non-Life
MARKET SHARE OF MAJOR PLAYERS IN ISRAEL LIFE INSURANCE MARKET, 2007-2012
Israel life insurance market is dominated by Migdal which contributes ~% to the segment in terms of gross written premiums. This is followed by Clal which has a share of ~%. Phoenix is the third largest player and accounts for ~% of the life premiums generated in the country. Harel and Menora Mivtachim are the fourth and fifth largest players with a contribution of ~% and ~% respectively to the total life insurance premiums underwritten in the country‌
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Table: Market Shares of Major Players in Israel Life Insurance Market on the Basis of Gross Written Premiums in Percentage, 2007-2012 Companies
2007
2008
2009
2010
2011
2012
Migdal Clal
22.1%
The Phoenix Harel Menora Mivtachim
8.2%
Clal Health Dykla I.L.D
1.9%
Ayalon Eliahu I.D.I A.I.G Shirbit
FUTURE PROJECTIONS FOR ISRAEL NON-LIFE INSURANCE MARKET, 2013-2017
In the base case scenario, the non-life insurance market of Israel is projected to grow at a CAGR of ~% during 2012-2017 where the non-life premiums underwritten are projected to reach USD ~ million in 2017 from USD ~ million in 2012. The major drivers in this case would be growing population, financial stability of the country and stable regulatory scenario. The population of the country is estimated to continue to grow consistently year-on-year at around 2.2% until 2017 leading to subsequent surge in demand for various non-life insurance products‌
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Figure: Israel Non-Life Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 12,000.0 10,000.0
USD Million
8,000.0 6,000.0 4,000.0 2,000.0 0.0 2013
2014 Worst
2015 Base
2016
2017 Best
ISRAEL MOTOR VEHICLE COMPULSORY INSURANCE MARKET
ISRAEL MOTOR VEHICLE COMPULSORY INSURANCE MARKET INTRODUCTION AND SIZE, 2007-2012
…The premiums for this segment have consistently grown positively during 2007-2012, except for 2010, when the premiums for this segment dropped by 7.1%. The gross premiums generated from motor vehicle compulsory insurance in Israel have grown at a CAGR of ~% during 20072012 where the underwritten premiums have increased from USD ~ million in 2007 to USD ~ million in 2012…
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Figure: Israel Motor Vehicle Compulsory Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 1,250.0
1,200.0
USD Million
1,150.0
1,100.0 1,071.1
1,050.0
1,000.0 2007
2008
2009
2010
2011
2012P
MARKET SHARE OF MAJOR PLAYERS IN ISRAEL MOTOR INSURANCE MARKET, 2010 AND 2012
The motor insurance market of Israel is dominated by Harel which accounted for ~% of the premiums generated in the segment in 2012. Menora is the second largest player with a contribution of ~% in the same year. Clal holds the third position and contributed ~% to the motor insurance market of the country‌
Table: Market Shares of Major Players in Israel Motor Insurance Market on the basis of Gross Written Premiums in Percentage, 2010 and 2012 Companies
2010
2012
Harel Menora Clal
12.8%
Phoenix Migdal Others
38.6%
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ISRAEL HEALTH AND HOSPITALIZATION INSURANCE MARKET
MARKET SHARE OF MAJOR PLAYERS IN ISRAEL HEALTH AND HOSPITALIZATION INSURANCE MARKET, 2010
The health and hospitalization insurance market of Israel consists of Harel, Phoenix, Clal, Migdal and Menora as major players. Harel is the largest player with a market share of ~% of the total premiums generated in this segment as of 2012. This is followed by Phoenix which accounted for ~% of the gross premiums in 2012. Clal holds the third position which had a share of ~% in the total health and hospitalization premiums underwritten in the country in the same year. Migdal and Menora are the fourth and fifth largest players with a share of ~% and ~% respectively. The remaining ~% is contributed by other small players in the country.
Table: Market Share of Major Players in Israel Health and Hospitalization Insurance Market on the basis of Gross Written Premiums in Percentage, 2010 and 2012 Companies
2010
2012
Harel Phoenix Clal
18.4%
Migdal Menora Others
1.0%
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FUTURE PROJECTIONS FOR ISRAEL HEALTH AND HOSPITALIZATION INSURANCE MARKET, 2013-2017
…The insurance companies in the country are estimated to underwrite USD ~ million worth of gross premiums for the health and hospitalization segment in 2017 as compared to USD ~ million of premiums underwritten in 2012 in this segment. Therefore, the market for health and hospitalization insurance in Israel is estimated to expand at a CAGR of ~% during 2012-2017…
Figure: Israel Health and Hospitalization Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 2,000.0 1,800.0 1,562.6
1,600.0 USD Million
1,400.0 1,200.0 1,000.0 800.0 600.0 400.0 200.0 0.0 2013
2014
2015
2016
2017
Table: Gross Premiums Underwritten by Major Players in Israel Insurance Market in USD Million, 2008-2012 Company
2008
Harel
2009
2010
2011
2012
1,609.0
Eliahu Migdal A.I.G
156.2
The Phoenix
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Menora Mivtachim I.D.I Dykla Shomera I.L.D Bituach Haklai Clal Health
233.9
Shirbit Ayalon Clal Shlomo
Table: Profit (Loss) Before Tax of the Major Players in Israel Insurance Market in USD Million, 2008-2012 Company
2008
2009
2010
2011
2012
Harel Eliahu Migdal A.I.G The Phoenix Menora Mivtachim I.D.I
26.8
Dykla Shomera I.L.D Bituach Haklai Clal Health Shirbit Ayalon
-14.2
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Clal
-0.4
Shlomo
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