"Israel Insurance Report 2010" now available at Fast Market Research

Jan. 14, 2010 - PRLog -- Israel is one of the most sophisticated financial services markets in the region with a sound regulatory regime and an attractive, open market for global insurers for whom there is no legal barrier to entry. The two largest foreign players are AIG and Generali which, through its shareholding in Migdal, is one of the oldest participants - foreign or domestic in the sector. That said, the sector is relatively crowded and the five leaders - Clal, Harel, Phoenix Insurance Company, Menorah Mivtachim and Migdal Insurance and Finance Holdings (the Generali subsidiary) - with seemingly little room to expand within the country's borders. Growth has been steady if unremarkable over the past few years. The Israel Insurance Association (IIA) says non-life premiums rose from ILS14,645mn in 2005 to ILS15,232mn in 2006, before falling again to ILS14,961mn in 2007. Premiums rose to ILS15,550mn in 2008. We are looking for 5% growth in 2009, which is broadly consistent with the results posted through H109 by Harel and Clal. As a relatively mature market, we see relatively stable penetration in the non-life sector, which has actually fallen slightly, from 2.38% in 2006 to 2.22% in 2007, 2.18% in 2008, recovering to 2.23% in 2009. We anticipate steady growth in the next four years to around 2.7% in 2013. A similar trend in life density is to be expected. That has risen steadily and relatively strongly since 2006 when it was US$508 to around the US$667 we estimate for 2009. We anticipate that trend will continue with life density rates rising to US$800 by 2013.

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Report Table of Contents:

The Sector At A Glance
Table: The Israel Insurance Sector At A Glance
- Key Insights On Israel’s Insurance Sector
- Key Features Of This Report
- SWOT Analysis
- Israel Insurance Industry SWOT
- Israel Political SWOT
- Israel Economics SWOT
- Israel Business Environment SWOT
- Global Outlook
- Latest News
- Projections And Forecasts
Table: Insurance Premiums, 2005-2014
- Projections And Drivers Of Growth
Table: Growth Drivers, 2005-2014
- Country update
- Macroeconomic Outlook
Table: Israel - Economic Activity, 2004 - 2013
- Political Outlook
- Insurance Business Environment Rating
Table: Israel’s Insurance Business Environment
Table: Middle East And Africa Insurance Business Environment Ratings
- Regional Context
Table: Non-Life Premiums In A Regional Context, 2008
Table: Life Premiums In A Regional Context, 2008
- Analysis Of Competitive Conditions
Table: Non Life Premiums, 2006 And 2007 (ILSmn)
Table: Life Premiums, 2006 And 2007 (ILSmn)
- Company Profiles
- AIG
- Generali/Migdal
- Harel Insurance
- Country Snapshot: Israel Demographic Data
- Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
Table: Education, 2002-2005
Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
Table: Employment Indicators, 2001-2006
Table: Consumer Expenditure, 2000-2012 (US$)
Table: Average Annual Wages, 2000-2012
- Methodology
- Insurance Business Environment Ratings
Table: Insurance Business Environment Indicators And Rationale
Table: Weighting Of Indicators

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