Harel Insurance Investments and Financial Services Ltd - Company Profile
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Business Description
Harel Insurance Investments and Financial Services Ltd (Harel Insurance) is the largest insurance and financial group in Israel. It provides a wide range of insurance and financial services, including non-life insurance, health insurance, pension funds, life insurance, study funds, provident funds, investment portfolio management, mutual funds, exchange-traded notes, and other financial services. As of December 31, 2024, the company reported assets under management of ILS509,458 million.
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Business Segments
- Credit
- Financial Services
- Health Insurance
- Insurance Companies Overseas
- Life Insurance and Long-Term Savings
- Non-Life Insurance
Overview
Provides business and credit support for medium businesses, mortgage and reverse mortgage loans, development property finance support, and financial guarantees for mortgage portfolios.
Performance
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Overview
Operates in the capital and financial markets through Harel Finance. It manages mutual funds and securities portfolios for private individuals, entities, and institutional customers in both Israeli and foreign markets.
Performance
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Overview
Includes insurance activities in sickness and hospitalization, personal accident, long-term care, foreign workers, travel insurance, and dental lines. It serves private individuals and groups, covering injuries from illness or accidents, including long-term care and dental treatment.
Performance
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Overview
Includes the activities of Interasco and Turk Nippon, an insurance company wholly owned by Harel Insurance Investments and Financial Services Ltd.
Performance
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Overview
Includes insurance activities in the life insurance branch and management of pension and provident funds. It serves individuals and groups seeking life insurance and long-term savings solutions.
Performance
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Overview
Includes motor property, compulsory motor, other liability, property and other branches, and mortgage insurance.
Performance
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