Tel Aviv, Israel has a bustling insurance scene with providers offering a wide range of services for individuals and businesses. With high-end technology and a sophisticated risk management infrastructure, Israeli insurers are making their mark on the global stage in terms of meeting customers’ needs.
Local companies such as Migdal Insurance & Financial Holdings (Migdal) and Clal Insurance Enterprises Holdings Ltd. (Clal) are among the most prominent names in the market. Both have extensive operations covering multiple sectors such as travel insurance, life insurance, car insurance, health protection plans and emergency response services.
Founded in 1953, Migdal is one of the largest publicly traded companies listed on the Tel Aviv Stock Exchange (TASE). It provides an array of products to both local and international customers including property damage coverage, life disability income policies and liability protection. In addition to traditional offerings like car insurance plans or savings investments projects like its Total Savings Plan.
Clal is another distinguished name in Israeli insurance circles known for its excellent customer service. Founded in 1951 this TASE stock holder also offers great life assurance programs along with long-term care benefits designed to keep out-of-pocket costs low on medical expenses incurred during old age.
Apart from these popular players there are smaller specialized firms that cater more specific consumer needs – Shlomo Sixt Bagora Car Rental Catastrophe Services Ltd., for instance – offering vehicle rental coverage to travelers landing at Ben Gurion International Airport; Carmiel Insurance Agency Ltd., founded by real estate mogul Danny Yafeh; Prima Plus providing medicare supplement policies etc.
Thanks to these companies private sector growth has been accompanied by robust demand for insurances products in Tel Aviv making them competitive players who will soon be leading some major transformations across the industry including investment into innovative technologies cloud computing artificial intelligence etcetera