Israel Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Israel industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Israeli non-life insurance market had total gross written premiums of $11 billion in 2022, representing a compound annual growth rate (CAGR) of 4.2% between 2017 and 2022.
- The Property segment accounted for market's the largest proportion in 2022, with total gross written premiums of $3.3 billion, equivalent to 29.6% of the market's overall value.
- Israel’s non-life insurance market witnessed moderate growth overall in the historical period. The Israeli non-life insurance companies will pay out more in claims if inflation persists for a longer period of time than expected and consumer spending increases going forward.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Israel
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Israel
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Israel non-life insurance market with five year forecasts
- What was the size of the Israel non-life insurance market by value in 2022?
- What will be the size of the Israel non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Israel non-life insurance market?
- How has the market performed over the last five years?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do leading players follow?
- 7.4. What has been the rationale behind recent M&A activity?
- 7.5. How has the COVID-19 outbreak impacted the market?
- 8 Company Profiles
- 8.1. Clal Industries Ltd
- 8.2. Harel Insurance Investments and Financial Services Ltd
- 8.3. The Phoenix Holdings Ltd
- 8.4. Migdal Insurance & Financial Holdings Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. About MarketLine
- List of Tables
- Table 1: Israel non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Israel non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Israel non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Israel non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Israel non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Israel non-life insurance market share: % share, by value, 2022(e)
- Table 7: Clal Industries Ltd: key facts
- Table 8: Clal Industries Ltd: Key Employees
- Table 9: Harel Insurance Investments and Financial Services Ltd: key facts
- Table 10: Harel Insurance Investments and Financial Services Ltd: Annual Financial Ratios
- Table 11: Harel Insurance Investments and Financial Services Ltd: Key Employees
- Table 12: The Phoenix Holdings Ltd: key facts
- Table 13: The Phoenix Holdings Ltd: Annual Financial Ratios
- Table 14: The Phoenix Holdings Ltd: Key Employees
- Table 15: The Phoenix Holdings Ltd: Key Employees Continued
- Table 16: Migdal Insurance & Financial Holdings Ltd: key facts
- Table 17: Migdal Insurance & Financial Holdings Ltd: Annual Financial Ratios
- Table 18: Migdal Insurance & Financial Holdings Ltd: Key Employees
- Table 19: Israel size of population (million), 2018–22
- Table 20: Israel gdp (constant 2005 prices, $ billion), 2018–22
- Table 21: Israel gdp (current prices, $ billion), 2018–22
- Table 22: Israel inflation, 2018–22
- Table 23: Israel consumer price index (absolute), 2018–22
- Table 24: Israel exchange rate, 2017–21
- List of Figures
- Figure 1: Israel non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Israel non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Israel non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Israel non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Israel, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Israel, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Israel, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Israel, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Israel, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Israel, 2022
- Figure 11: Israel non-life insurance market share: % share, by value, 2022(e)
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