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Financial Services

47

2016

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DUN’S

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2015

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2016

2016

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2

Insurance Companies

RANK

Clal Insurance Enterprise Holdings Ltd.

C

lal Insurance Enterprise Holdings is part

of IDB Development Group, which holds

about 55%of its shares (Through a trust-

ee appointed by the Supervisor of Insurance).

Bank Hapoalim holds 10% and the balance of

the shares is held by the public and traded on

the Tel Aviv Stock Exchange (TASE).

The Group’s market share in terms of gross pre-

miums earned is about 16.7% of the insurance

market, and assets managed by the company

total about NIS 168 billion (as of the end of Dec.

2015).

Clal Insurance is rated ilAA+ by Standard & Poor’s

Ma’alot.

The Group owns insurance agencies, pension

funds, provident funds, study funds and credit

provision companies. The Group employs about

4,200 workers, and working together with about

1,800 insurance agents. All these make Clal In-

surance one of Israel’s leading insurance and

long-term savings groups.

Long-Term Savings

The Life Insurance and Long-Term Savings Divi-

sion provides private and business clients in

all sectors of the economy with comprehensive

solutions.

Clal Insurance Group share in terms of managed

assets is 14.8%of Israel’s long-termsavingsmar-

ket, as defined by the Supervisor of Insurance.

The Group’s pension fundsmanage assets worth

more thanNIS48 billion overall for 690,000mem-

bers, and provident funds manage assets worth

about NIS 35 billion (as of the end of 2015).

As part of profit sharing life insurance activities,

the Group holds a market share of 21% in asset

terms, with the overall amount of annual premi-

ums totaling about NIS 5 billion (in 2015).

Clal takes full responsibility for the management

of itsmembers’ funds and they enjoy some of the

highest returns in the Israeli market, and the full

confidence that their money is being managed

by a large, leading and professional organization

in this field.

General Insurance

Clal Insurance Group is one of the leaders in Is-

rael’s general insurance sector, with total annual

premiums of about NIS 2.5 billion (in 2015). The

company offers a broad spectrum of insurance

plans to individuals and businesses in the ve-

hicles, homes, property and other sectors, with

major professionalism, and expertise, while

understanding the unique needs of its range of

clients.

Health Insurance

Clal Insurance Group’s Health Division won in

the insurance and finance reporters and “Adif”

rankings as the “best health insurance company

in Israel for 2015”. The divisionmanages annual

premiums of about NIS 1.7 billion (in 2015). The

company offers a broad spectrum of insurance

plans to its clients, including; nursing-care insur-

ance, travel insurance, and more. The variety of

private health insurance offered by the company

allows the policyholders to choose the cover-

age to meets their needs, correctly priced with

professional assistance, while understanding

the trends and changes in the industry and in

accordance with them.

Investments

Kanaf, which is the Group’s investments arm,

manages assets totaling NIS 168 billion (as

of the end of Dec. 2015), including members’

money in pension funds, provident funds, and

life insurance policy funds, as well as the Clal

Group’s equity and insurance reserves.

Service and Innovation

Clal Insurance in at the forefront of technology

leading a service revolution that is based on in-

novative digital tools that allow providing online

information, whenever and wherever. As part of

this approach, the company launched the “Di-

rect Agent” website, a revolutionary, digital sales

platform, which allows clients to purchase insur-

ance at a direct price and receive professional

quality service from a personal insurance agent.

Clal enables its clients to enjoy a fast service

experience with the company’s Facebook page

and chat with a representative, without waiting.

The company’s website enables clients to view

their personal file, get all the information on their

accounts and carry out any action they want.

Esta b l i s h e d

1987

L i n e o f B u s i ness

Insurance and Long Term Savings including

Non-Life Insurance, Health Insurance, Life

Insurance, Pension and Provident Funds

Products, for Private Clients, Companies and

Businesses

Tower 8, 36 Raoul Wallenberg St., Kiryat

Atidim, P.O.B. 37070, Tel Aviv 6136902

Tel:

972-3-6387777

Fax:

972-3-6387676

service@clal-ins.co.il www.clal.co.il

Izzy Cohen

Chief Executive Officer

Dani Naveh

Chairman of the Board