Key Market Indicators
Israeli Gross Written Premium is projected to hit nearly $25 billion by 2028, up from approximately $22 billion in 2023, reflecting an average annual growth rate of 2.2%. Since 2011, the Israeli insurance market has seen a steady increase in supply, averaging a 3.1% growth each year. In 2023, Israel ranked 13th globally in this sector. Belgium surpassed Israel in the rankings, also recording around $22 billion in Gross Written Premium. Leading the ranking were the United Kingdom, Germany, and the Netherlands, securing the second, third, and fourth spots respectively.
