The Israel Life and Non-Life Insurance Market is Segmented by Insurance Type (Life Insurance and Non-Life Insurance), Distribution Channel (Direct, Agency, Banks, and Other Distribution Channels), and Region (East, South-Central, North, and More). The Market Forecasts are Provided in Terms of Value (USD).

Gain insights into the outlook of Israel insurance industry up to 2017. Key trends and forecasts to guide informed decisions.

The Israeli life and non-life insurance market presents a compelling investment opportunity, exhibiting steady growth throughout the historical period (2019-2024) and projected to continue its upward trajectory until 2033. While precise market size figures for 2019-2024 are unavailable, leveraging the provided data points (Base Year 2025, Estimated Year 2025, and Forecast Period 2025-2033) and understanding typical insurance market growth patterns, we can infer a robust and expanding market. Factors contributing to this growth include a rising population, increased disposable incomes driving demand for insurance products, and a government focus on financial security initiatives. The market likely saw a compound annual growth rate (CAGR) in the range of 3-5% during the historical period, influenced by economic conditions and regulatory changes. This growth is anticipated to continue at a similar rate, perhaps slightly lower due to potential global economic uncertainties, but still remaining consistently positive throughout the forecast period. The non-life sector, encompassing areas like property, casualty, and motor insurance, is expected to demonstrate significant growth driven by increasing vehicle ownership and a focus on comprehensive risk management by businesses and individuals. The life insurance segment, while perhaps exhibiting slightly slower growth, will likely benefit from an aging population and increasing awareness of long-term financial planning and retirement security. Competition is expected to remain robust among both domestic and international players, prompting innovation in product offerings, digitalization of services, and a focus on customer experience to maintain market share. The government's role in regulating the sector will continue to play a crucial role in shaping market dynamics and ensuring consumer protection. Further market research is required to solidify growth rates and sector-specific market sizes, but the overall outlook for the Israeli insurance industry remains optimistic. Recent developments include: in 2021, The Phoenix offers a mortgage insurance policy that combines life insurance and property insurance. The program is designed for all homebuyers who must prepare mortgage insurance as a requirement for receiving a loan from the lending bank and who are interested in ensuring their family's financial stability if the event that one of the breadwinners passes away if the event that the apartment is damaged., In 2021, Mivtach Simon is a corporation licensed as a pension insurance agency under the full ownership of Migdal Insurance Company Ltd. The company provides services in the management of pension, insurance, and financial plans, as well as in other fields, Mivtach Simon, which works with most of the insurance companies and pension funds in Israel, handles an annual billing volume of about USD 4 billion and provides services to some 220,000 insured clients and 6000 employers, organizations and companies.. Notable trends are: Growing Fintech Funding in Israel.

Israel Market Capitalization: TASE: Finance: Insurance data was reported at 23,011.800 ILS mn in Jun 2018. This records a decrease from the previous number of 24,024.400 ILS mn for May 2018. Israel Market Capitalization: TASE: Finance: Insurance data is updated monthly, averaging 20,015.500 ILS mn from Jan 2002 (Median) to Jun 2018, with 198 observations. The data reached an all-time high of 31,283.300 ILS mn in May 2007 and a record low of 9,120.500 ILS mn in Feb 2009. Israel Market Capitalization: TASE: Finance: Insurance data remains active status in CEIC and is reported by Tel Aviv Stock Exchange. The data is categorized under Global Database’s Israel – Table IL.Z003: Tel Aviv Stock Exchange: Market Capitalization.

The value of motor vehicle sector amounted to approximately **** billion U.S. dollars in 2013. It was projected to grow to approximately **** billion U.S. dollars in 2025.

Israel Life & Non-Life Insurance comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

The value of general liability insurance sector in Israel amounted to approximately **** billion U.S. dollars in 2013. It was projected to grow to approximately *** billion U.S. dollars in 2025.

Insurance company assets to GDP (%) in Israel was reported at 44.42 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Israel - Insurance company assets to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The value of property insurance sector in Israel amounted to approximately **** billion U.S. dollars in 2013. It was projected to grow to approximately **** billion U.S. dollars in 2025.

[Keywords] Market include Clal, Phoenix, Shirbit, A.I.G, Eliahu

The value of motor vehicle insurance sector in Israel amounted to approximately 1.28 billion U.S. dollars in 2013. It was projected to grow to approximately 2.35 billion U.S. dollars in 2025.

According to Cognitive Market Research, The Global Engineering Insurance market will grow at a compound annual growth rate (CAGR) of 6.90% from 2023 to 2030.

The demand for engineering insurance market is rising due to therising number of infrastructure projects and the escalating demand for commercial and residential spaces.
Demand for construction enterprises remains higher in the engineering insurance market.
The construction project all-risks insurance category held the highest engineering insurance marketrevenue share in 2023.
North America will continue to lead, whereas the engineering insurance market will experience the strongest growth until 2030.

Global Infrastructure Development and Increasing Complexity to Provide Viable Market Output

The engineering insurance market is the surge in global infrastructure development projects. Rapid urbanization, population growth, and the need for sustainable development have increased complex engineering projects worldwide. These projects encompass large-scale constructions such as bridges, tunnels, energy facilities, and smart cities. The intricate nature of these projects, often involving multiple stakeholders, intricate designs, and innovative technologies, poses unique risks that demand specialized insurance coverage.

Verisk has introduced a cutting-edge insurance fraud analytics solution in partnership with Kyndryl Technology based in Israel. This innovative solution leverages Kyndryl's powerful cloud computing capabilities and Verisk's extensive expertise in the field to efficiently examine recent automobile insurance claims related to bodily injury, which is a compulsory insurance element in Israel. Its primary objective is to detect potential signs of fraudulent activity.

Insurers offering tailored solutions to address the specific challenges of complex projects are in high demand. Moreover, the growing focus on renewable energy projects and green initiatives further expands the scope of engineering insurance, creating opportunities for insurers to provide coverage for environmentally friendly technologies and sustainable practices, thus driving market growth.

Technological Advancements and Risk Assessment to Propel Market Growth

The engineering insurance market is the continuous advancement in technology. Modern technologies, such as data analytics, artificial intelligence, and the Internet of Things (IoT), have revolutionized risk assessment and management in the engineering sector. These tools enable insurers to collect and analyze vast amounts of real-time data from construction projects, machinery, and equipment. By leveraging predictive analytics, insurers can assess risks more accurately, identify potential issues before they escalate, and offer customized insurance solutions tailored to specific project requirements. This proactive approach enhances risk mitigation and fosters a collaborative relationship between insurers and clients, creating a competitive advantage in the market.

Increasing awareness and knowledge regarding risk management will increase market demand 

Market Dynamics Of the Engineering Insurance Market

Regulatory Compliance and Uncertain Legal Frameworks to Hinder Market Growth

The Engineering Insurance market is the intricate web of regulatory compliance and legal frameworks across different regions and countries. Engineering projects often involve adherence to stringent regulations, codes, and standards that vary widely globally. Navigating these diverse requirements while ensuring compliance can be arduous for both insurers and clients. Additionally, the evolving legal landscape concerning liability, environmental impact, and contractual obligations poses challenges in policy formulation and claims settlement. Uncertainties in legal frameworks can lead to disputes and prolonged claim resolution processes, impacting the market's efficiency and creating hesitancy among clients to invest in comprehensive engineering insurance policies.

Trend Factor for the Engineering Insurance Market

The engineering insurance market is growing due to increased worldwide infrastructure investments in residential buildings, commercial buildings, energy projects, and transportation networks, all of which need coverage for property damage, delays, liability risks, and equipment malfunctions. Insurers are also being compelled to develop special...

Israel Market Capitalization: TASE: Warrant and Option: Insurance data was reported at 0.000 ILS mn in Jun 2018. This stayed constant from the previous number of 0.000 ILS mn for May 2018. Israel Market Capitalization: TASE: Warrant and Option: Insurance data is updated monthly, averaging 0.000 ILS mn from Jan 2002 (Median) to Jun 2018, with 198 observations. The data reached an all-time high of 22.300 ILS mn in Jun 2002 and a record low of 0.000 ILS mn in Jun 2018. Israel Market Capitalization: TASE: Warrant and Option: Insurance data remains active status in CEIC and is reported by Tel Aviv Stock Exchange. The data is categorized under Global Database’s Israel – Table IL.Z003: Tel Aviv Stock Exchange: Market Capitalization.

Israel Index: TASE: Sector: Insurance data was reported at 2,045.870 01Jan1984=97.1 in Oct 2018. This records a decrease from the previous number of 2,129.120 01Jan1984=97.1 for Sep 2018. Israel Index: TASE: Sector: Insurance data is updated monthly, averaging 1,269.590 01Jan1984=97.1 from Jan 2000 (Median) to Oct 2018, with 226 observations. The data reached an all-time high of 2,161.400 01Jan1984=97.1 in Jan 2018 and a record low of 535.330 01Jan1984=97.1 in Oct 2000. Israel Index: TASE: Sector: Insurance data remains active status in CEIC and is reported by Tel Aviv Stock Exchange. The data is categorized under Global Database’s Israel – Table IL.Z001: Tel Aviv Stock Exchange: Index.

The Insurance Analytics Market size was valued at USD 12.65 USD Billion in 2023 and is projected to reach USD 33.85 USD Billion by 2032, exhibiting a CAGR of 15.1 % during the forecast period. Insurance data analytics is about collecting and exploring data that is connected to insurance, to find out those valuable and insightful patterns. It also assists insurance companies in making more rational choices. Eventually, all these data are processed with advanced statistical analysis software and insurance data analytics solutions in order to draw conclusions. The main function is identified as the occurrence of similar patterns and developing trends throughout the data. This information, in particular, will be used to set prices, estimate risks, improve operational efficiency, and track in case of cases of fraudulent activities in the insurance sector. In addition to being a strategic tool that enables insurance companies to work more effectively and intelligently, it also assists in operational processes such as claims management and risk assessment. Recent developments include: January 2024: Insurity announced an AI-powered analytics solution that it claims would revolutionize decision-making for property and casualty insurance companies. Insurity's analytics solutions give network operators a higher level of reliable insight into their portfolios, improve loss ratios, and enable deeper segmentation., August 2023: IBM and FGH Parent, L.P. (with subsidiary “Fortitude Re”) transformed Fortitude Re’s life insurance policy. It would help service operations through the implementation of other automation tools and AI technology developed to achieve the highest levels of performance., June 2023: iPipeline and Vertafore joined forces to simplify life insurance distribution for insurance carriers and independent agents. This partnership aims to streamline and improve the process of offering life insurance policies, making it more efficient and accessible for all parties involved., June 2023: Verisk unveiled an advanced insurance fraud analytics solution in collaboration with Kyndryl Technology in Israel. This innovation solution combines Kyndryl’s robust cloud computing capabilities with Veriks’s extensive domain knowledge to rapidly access fresh automobile insurance claims involving bodily injury, a mandatory insurance component in Israel. Its primary goal is to identify potential fraud indicators., April 2023: Guidewire introduced the Garmisch solution, offering self-service tools through the Guidewire Cloud Console for developers, enabling insurance companies to swiftly establish digital claims processes. Garmisch includes ready-to-use connectors for major global data platforms, speeding up organizations’ access to insights., April 2023: Verisk introduced an innovative Rating-as-a-Service (RaaS) solution that transforms insurance product innovation. This cloud-based rating engine eliminates the need for insurers to invest significant time collecting and updating ratings. Instead, insurers provide relevant rating inputs to Verik through API. This approach streamlines and modernizes the rating process, enhancing efficiency for insurers., March 2023: LexisNexis Risk Solutions upgraded its AI-driven home insurance solution to enhance and accelerate the underwriting process for home insurance. Their goal is to leverage data and advanced analytics to offer valuable insights that assist businesses and governmental organizations in mitigating risks and make better decisions, ultimately benefiting individuals.. Key drivers for this market are: Surge in Demand for Data-driven Decision-making to Fuel Market Growth. Potential restraints include: Lack of Resources and Limited Capabilities to Hamper Market Growth. Notable trends are: Increasing Implementation of Artificial Intelligence (AI) and Machine Learning (ML) with Insurance Analytics Tools to Surge the Demand for Solutions.

The non-life insurance segment of the Saudi insurance industry is expected to grow to around **** billion U.S. dollars by 2028. In comparison, the life insurance segment was projected to remain stable at *** billion U.S. dollars. Gross written premiums of insurance market The gross written premium (GWP) value of the Saudi Arabia insurance market was estimated to be approximately *** billion U.S. dollars. The value of GWP for the entire Gulf Cooperation Council region was ** billion U.S. dollars. The value of the Saudi life insurance sector was approximately *** million U.S. dollars in 2013, and it was projected to grow to approximately ****** million U.S. dollars in 2025. Asset value of insurance companies in MENA Ergo Sigorta A.S. in Turkey was the largest insurance firm in the Middle East and North Africa (MENA) region in 2020, followed by Harel insurance investments and financial services and Migdal holdings. The region's insurance firms were evenly distributed among Turkey, Israel, South Africa, and Morocco. From 2009 to 2021, the total assets of Saudi insurance companies increased year on year, with the exception of 2018, when they decreased slightly. The assets of Saudi insurance companies increased by approximately *** million U.S. dollars in 2021 compared to the previous year. Overall, the value of Saudi insurance companies' assets has increased by approximately ** billion U.S. dollars since 2009.

The Middle East and Africa Insurtech market, valued at $76.32 million in 2025, is projected to experience robust growth, driven by increasing smartphone penetration, rising internet usage, and a burgeoning young population readily adopting digital solutions. This surge in digital adoption fuels demand for convenient and accessible insurance products and services, propelling the market's Compound Annual Growth Rate (CAGR) of 6.00% from 2025 to 2033. Key growth drivers include the region's focus on digital transformation across sectors, government initiatives promoting fintech innovation, and the increasing need for efficient and cost-effective insurance solutions. The market is segmented by service type (consulting, support & maintenance, managed services) and insurance type (life, non-life, other), with managed services expected to dominate due to their scalable and cost-effective nature. While regulatory hurdles and infrastructure limitations pose some challenges, the overall market outlook remains positive, particularly in countries like Saudi Arabia, the UAE, and Israel, where technological advancements and entrepreneurial activity are most prominent. Established players like ERGO Sigorta and Migdal Holdings are leveraging technology, alongside innovative startups like Bayzat and Aqeed, to capture market share. The forecast period will witness a significant increase in the adoption of Insurtech solutions across all segments, particularly within the non-life insurance sector given the demand for motor, health and property insurance. The competitive landscape is characterized by a mix of established insurance companies integrating technology and agile Insurtech startups offering innovative solutions. The market's expansion is further bolstered by the increasing awareness of the benefits of insurance, particularly among the younger generation. The continued development of robust digital infrastructure and supportive government policies will be crucial for sustaining this growth trajectory. The adoption of AI and machine learning in claims processing and risk assessment will likely further transform the market. Expansion into underserved markets within the region will also present significant growth opportunities for both established and emerging players. This positive outlook underscores the significant investment potential within the Middle East and Africa Insurtech landscape. Recent developments include: In May 2022, Turtlemint Insurance Services Pvt. Ltd which exists as an Indian-based Insurtech firm launched its office in Dubai as a central hub for the company’s business expansion in the Middle East region., In July 2022, Wellx, a UAE-based health and wellness-focused InsurTech platform launched and completed its USD 2 million seed funding round. The investment enables the UAE start-up to expand its regional growth and drive technological innovation. Combining Health and InsurTech platforms through multi-source data ingestion, and population health analytics, the company aims to reduce insurance claims from prevention to digital health and care.. Key drivers for this market are: Rise In Expenditure On Digital Innovation By Insurance Companies, Increase In Number Of Fintech Companies In The Region. Potential restraints include: Rise In Expenditure On Digital Innovation By Insurance Companies, Increase In Number Of Fintech Companies In The Region. Notable trends are: Rising Digitization of Insurance Business.

Israel Market Capitalization: TASE: Convertible Bonds: Insurance data was reported at 0.000 ILS mn in Oct 2018. This stayed constant from the previous number of 0.000 ILS mn for Sep 2018. Israel Market Capitalization: TASE: Convertible Bonds: Insurance data is updated monthly, averaging 12.650 ILS mn from Jan 2002 (Median) to Oct 2018, with 202 observations. The data reached an all-time high of 119.700 ILS mn in Feb 2002 and a record low of 0.000 ILS mn in Oct 2018. Israel Market Capitalization: TASE: Convertible Bonds: Insurance data remains active status in CEIC and is reported by Tel Aviv Stock Exchange. The data is categorized under Global Database’s Israel – Table IL.Z003: Tel Aviv Stock Exchange: Market Capitalization.

Insurance Agents and Brokers' revenue has risen at a compound annual rate of 8.8% to £21.7 billion over the past five years; this includes a bump of 6.1% in 2024-25, when the average profit margin is 11.3%. Commercial and speciality lines have boomed thanks to digitisation and geopolitics. 2024’s “Year of Democracy” sees over 70 countries in high-stakes elections, raising demand for political risk coverage. Escalating conflicts in Ukraine, Israel-Palestine, and the Red Sea have driven up demand for marine, treaty assurance, and trade insurance, with reinsurance rates rising as firms recalculate based on recent losses. Natural disasters, resulting in over $258 billion (£200 billion) in damages, also pushed insurance costs higher.

While consumers cut back on life insurance due to inflation, pet insurance remains strong, driven by increased ownership and the humanisation of pets. New FCA regulations like the Consumer Duty and price-walking ban are straining brokers, who already face stiff competition. However, the shift to electric vehicles, which demand higher premiums, will lift commissions for brokers and aid revenue growth. Following a lacklustre 2023-24, M&A activity is set to pick up in 2024-25 due to a stabilising political environment and lower interest rates. Brokers increasingly promote risk management services to distinguish themselves from insurers and banks, who now leverage direct-to-consumer models, reducing reliance on intermediaries.

Insurance Agent and Broker revenue is forecast to expand at a compound annual rate of 4.3% to £26.8 billion over the five years to 2029-30, while the average industry profit margin will reach 12.3%. Competition from alternative providers like banks and captive insurance companies will remain rife. Nonetheless, the Insurance Agents and Brokers industry is expected to perform well over the coming years. Growth will be driven by rising sales for speciality commercial lines like green and cyber liability policies. Personal line insurance products like medical cover are similarly projected to maintain growth as individuals transition to private healthcare amid lengthy NHS waiting times. M&A activity will also continue to grow as companies seek to transform their portfolios and sponsors search for liquidity, ratcheting up demand for brokers.

Israel Credits: Outstanding: Borrowers: Annual: Business Sector (BS): excl Banks and Insurance Companies (IC) data was reported at 855,505.249 ILS mn in 2017. This records an increase from the previous number of 844,342.697 ILS mn for 2016. Israel Credits: Outstanding: Borrowers: Annual: Business Sector (BS): excl Banks and Insurance Companies (IC) data is updated yearly, averaging 711,322.934 ILS mn from Dec 1999 (Median) to 2017, with 19 observations. The data reached an all-time high of 855,505.249 ILS mn in 2017 and a record low of 348,947.856 ILS mn in 1999. Israel Credits: Outstanding: Borrowers: Annual: Business Sector (BS): excl Banks and Insurance Companies (IC) data remains active status in CEIC and is reported by Bank of Israel. The data is categorized under Global Database’s Israel – Table IL.KB012: Credits: Outstanding: by Borrowers.