Israel

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Israel Insurance Association
Web: www.igudbit.org.il

 

POPULATION, 2011-2014 (1)

Year Population
2011 7,473,052
2012 7,590,758
2013 7,707,042
2014 7,821,850

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2010-2014 (1)

(U.S. $ billions)

Year GDP
2010 $205.2
2011 217.1
2012 235.1
2013 274.5
2014 268.3

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

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LIFE AND NONLIFE INSURANCE PREMIUMS, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $6,651
Life premiums 7,693
Total premiums $14,344
Percent of total world premiums 0.30%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2014

 

  Gross written premiums
Company  ILS Mn  USD Mn  
Harel  6,940.6 1,939.8
Clal  4,326.1 1,209.1
Migdal  3,926.9 1,097.5
Menora Mivtachim  2,874.6 803.4
The Phoenix  2,735.8 764.6
Ayalon  1,757.3 491.1
IDI  1,485.1 415.1
ILD  980.8 274.1
Shirbit  969.8 271.1
Bituach Haklai  798.5 223.2

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2014

 

  Gross written premiums
Company  ILS Mn  USD Mn  
Migdal  8,414.0 2,351.6
Harel  5,825.0 1,628.0
Clal  5,262.0 1,470.7
Phoenix  5,042.0 1,409.2
Menora Mivtachim  3,697.0 1,033.3
Hachsharah  1,258.0 351.6
Ayalon  578.0 161.6
IDI  222.0 62.1
Pesagot  160.0 44.7
AIG  104.0 29.1

Source: Axco Insurance Information Services.

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