Life Insurance in Israel is Consolidated Sector: Ken Research

5 Dariya News

22-Sep-2016

Ken Research has recently announced its publication titled, “Life Insurance in Israel, Key Trends and Opportunities to 2019”, which aims at providing in-depth market analysis of Israel’s life insurance segment. It further provides information about growth prospects, distribution channels, top life insurance companies and historic value of review period (2010-14) and projected value of forecast period (2014-19).The life insurance segment of capital market division manages variety of issues including supervision and regulation of insurance companies and its agents. Looking at the Israel’s life insurance segment, it was the largest segment of Israel’s insurance industry in 2014 having accounted for 51.6% of the Israeli Insurance industry's gross written premium in 2014. This report aims at providing in-depth market analysis of Israel’s life insurance segment. It further provides information about growth prospects, distribution channels, top life insurance companies and historic value of review period (2010-14) and projected value of forecast period (2014-19). The Israeli life insurance segment is highly consolidated, with the five leading insurers accounting for more than 90% of the segment's gross written premium in 2014. This high degree of consolidation and low competitiveness in life insurance department of Israel has great impact on insurance rates in Israel. Insurance is dominated by five leading market players i.e. Migdal, Clal, Harel, Phoenix and Menorah-Mivtahim.