Israeli Non-life Insurance Industry: Ken Research

1
Israeli Non-life Insurance Industry
2

• Israeli non-life insurance market expected to
  show positive growth rates over the period
  2014-2019, with property insurance category
  taking the lead as against the current scenario
  where motor insurance is the largest category in
  the non-life segment.
• Israeli non-life insurance industry is highly
  concentrated with the presence of composite
  insurance groups dealing with both life and
  non-life insurance products. 10 leading companies
  account for 90.2 of the non-life segment's GWP
  in 2014.

3
Ken Research announced its latest publication on
Non-Life Insurance in Israel, Key Trends and
Opportunities to 2019offer insights on the
changing trends and potential opportunities
within the Israeli non-life insurance industry.
The publication includes an insightful analysis
ofproduct category, Israeli economy and
demographics, comparison of the Israeli insurance
industry with its regional counterparts, various
distribution channels, natural hazards and their
impact on the Israeli insurance industry,
competitive landscape and regulatory and
governance policy.The analysis of the
aforementioned trends has been done on the basis
of key categories within the industry such as
motor insurance, property insurance, liability
insurance, marine, aviation and transit
insurance. It provides historical values for the
Israeli non-life insurance segment for the
report's 2010-2014 review period, and projected
figures for the 2014-2019 forecast period.
4
The non-life segment of the insurance industry of
Israel has always shown positive growth rates and
non-declining pattern of growth. Motor insurance
and Property insurance upward growth trend is
expected to continue in next five years as well.
However, on account of increasing GDP and GDP per
capita, property insurance category is expected
to lead the non-life insurance market in coming
years. As against rising competition in
insurance industry all over the world, Israeli
Insurance industry exhibits low level of
competition because of their highly concentrated
market structure.The Israeli non-life segment is
highly concentrated. This is feature unique in
itself as well has imposed challenges to the
industry as well as to the regulatory bodies. The
presence of composite insurance groups has also
posed problems. Hence, government is introducing
various reforms to increase competition in the
market and increase efficiency through use of
technology. Among the various distribution
channels, authorized agencies played a key role
in the expansion of the Israeli non-life segment
in 2014.The Israeli insurance industry is
governed by the CMISD of the Ministry of Finance.
5

• Global Insurance Industry
• Gradually the macroeconomic environment has
  significantly improved all over the world with
  rising GDP in most of the countries and
  increasing middle class and high net worth
  population with more and more financial
  resources. These factors have led to the growth
  of life and non-life insurance companies with
  more number of companies entering the insurance
  sector and the existing companies expanding their
  business and earning more profits. Growth in 2014
  was notable because global insurance premium beat
  GDP growth for the first time in five years.
  Emerging Asia and Latin America has achieved the
  most growth.
• Some of the prominent trends in the global
  insurance industry include
• Emerging markets are growing significantly more
  than the mature markets because of their lower
  penetration level and high nominal GDP growth.

6

• The penetration rate for mature markets far
  exceeds that of emerging markets and will
  continue to exceed in future since the growth
  seen in emerging markets is not enough to largely
  surpass nominal GDP growth and thus to increase
  penetration.
• Competition in the market is rising, which is
  softening the pricing conditions and hence
  tightens the profit margins.
• Many insurers are investing in digital platforms
  that strengthen their relationships with
  customers across all product classifications and
  geographies.
• Most regions saw positive Life insurance growth
  in 2014, but the amount of the increase, as well
  as the factors responsible, varied by region
  Growth in the PC market held steady in 2014the
  Health segment grew 8 percent in 2014, up from 5
  percent annually in the two previous years.

7

• Key Topics Covered in the Report
• Category wise detailed analysis of the Israeli
  non-life insurance industry
• Comparison of the Israeli insurance industry with
  its regional counterparts
• comparison of the Israeli insurance industry with
  its regional counterpartsduring the review period
  (20102014) and forecast period (20142019)
• Comprehensive overview of the Israeli economy and
  demographics
• Analysis of distribution channels operating in
  the segment
• Natural hazard and their impact on the Israeli
  insurance industry
• Detailed analysis of the competitive landscape in
  the country
• Legal system, governance and regulatory bodies.

8

• To know more on coverage, click on the link
  below
• https//www.kenresearch.com/banking-financial-serv
  ices-and-insurance/insurance/non-life-insurance-is
  rael-key/25244-93.html
• Related Reports
• https//www.kenresearch.com/banking-financial-serv
  ices-and-insurance/insurance/non-life-insurance-it
  aly-opportunities-/7124-93.html
• https//www.kenresearch.com/banking-financial-serv
  ices-and-insurance/insurance/non-life-insurance-jo
  rdan/8398-93.html
• Contact
• Ken Research
• Ankur Gupta, Head Marketing Communications
• query_at_kenresearch.com
• 91-124-4230204

9
(No Transcript)