Author: Editorial
Dan Karner will be appointed Deputy CEO and Chief Investment Officer (CIO) of Harel Insurance and Finance Group. In his new role, Karner will be responsible…
Israelis are returning to the skies – in a big way. For the first time since the outbreak of the Iron Swords war, the number of…
Global accounting giant KPMG has released its annual pension report, which shows a growing trend of transferring pension savings from insurance companies to pension funds. The…
Hachshara Insurance Company will provide Sale Law guarantees and other securities for projects financed by the non-bank credit company Capital Max, the company announced. Hachshara’s project…
Alongside the accelerated growth of insurance companies in 2024 across all sectors, the transition to the new IFRS 17 accounting standard is expected to enhance profitability…
A request to certify a class action lawsuit has been filed against Wesure Insurance Company, alleging three systematic legal violations that harm numerous policyholders. The plaintiff…
Menora Mivtachim will reimburse policyholders who had more than one home insurance policy for the same property at the same time. The company will compensate affected…
Fueled by the general insurance sector, the industry’s profitability reached approximately 6 billion Shekels, doubling return on equity, with investment gains contributing primarily in Q4. This…
AIG’s total profit for 2024 amounted to approximately 127.2 million Shekels, compared to a profit of approximately 71.3 million Shekels in 2023. The main drivers of…