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Global Israel Insurance Tenders

Israel Insurance Tenders

Latest Israel Insurance tenders. Discover new opportunities for Insurance tenders daily and win lucrative contracts across Israel.

How big is the Insurance market in Israel?

The Israeli insurance market is a highly developed and competitive market, with a total gross written premium of ILS 62.1 billion (USD 18.1 billion) in 2022. The market is characterized by a high level of penetration, with over 80% of Israelis having some form of insurance. The life insurance segment is the largest segment of the market, followed by the non-life insurance segment.

Israeli government Insurance Procurement

The Israeli government is a major procurer of insurance products and services. In 2022, the government spent ILS 10.3 billion (USD 3 billion) on insurance. The main insurance products and services procured by the government are health insurance, property and liability insurance, and motor insurance.

What Insurance does the Israeli government buy?

The Israeli government procures a wide range of insurance products and services, including:
Health insurance: The government is the primary provider of health insurance in Israel. The government's health insurance program covers all Israeli citizens.
Property and liability insurance: The government procures property and liability insurance for its assets and employees.
Motor insurance: The government procures motor insurance for its fleet of vehicles.

Major Insurance buyers in Israeli government

The top authorities responsible for insurance procurement in Israel are:
The Ministry of Finance: The Ministry of Finance is responsible for setting overall policy for insurance procurement.
The Government Procurement Authority: The Government Procurement Authority is responsible for overseeing the procurement of goods and services by the government, including insurance.
The Ministry of Health: The Ministry of Health is responsible for procuring health insurance for the government's health insurance program.

Who wins the most Insurance contracts from the Israeli government?

The top winners of insurance procurement tenders in Israel in 2022 were:
Harel Insurance: ILS 1.8 billion (USD 523 million)
Menora Mivtachim Insurance: ILS 1.7 billion (USD 498 million)
Phoenix Insurance: ILS 1.6 billion (USD 467 million)

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