Monday, 9 March 2015
Reinsurance in Israel, Key Trends and Opportunities to 2018 Market, Trends, Share, Size Research Report
Reinsurance in Israel, Key Trends and Opportunities to 2018 Market Size and Share Published in 2015-03-05 Available for US$ 1950 at Researchmoz.us The absence of a domestic reinsurer in Israel, and with no licensing requirement for foreign reinsurers to accept business from Israeli insurers, has led to a proliferation of overseas reinsurers. The reinsurance premium ceded by the life segment increased from ILS976.5 million (US$248.3 million) in 2009 to ILS1.3 billion (US$360.6 million) in 2013, at a review-period (2009–2013) compound annual growth rate (CAGR) of 7.5%, while the reinsurance ceded by the non-life segment fell from ILS5.3 billion (US$1.33 billion) to ILS4.6 billion (US$1.27 billion). The reinsurance premium ceded by the personal accident and health segment rose from ILS904.6 million (US$230.0 million) in 2009 to ILS949.0 million (US$262.2 million) in 2013.