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    KPMG’s 2024 Summary Report on the Insurance Industry | The Israeli insurance industry closed 2024 with an aggregate net profit of approximately 6 billion Shekels—a 2x increase in return on equity compared to 2023

    The primary driver of increased profitability: the general insurance sector * Profitability in this sector more than doubled, following strong gains in 2023 * The doubling of profit is mainly attributed to the motor property segment, due to a significant rise in the average premium and a decrease in the average claim cost * The loss ratio (LR) improved significantly, dropping from approximately 80% in 2023 to 69% in 2024
    EditorialBy 04 Mins Read