Palestine Insurance Industry – Key Trends and Opportunities to 2026
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Palestine Insurance Market Report Overview
The gross written premium (GWP) of the Palestine insurance industry was ILS1.1 billion ($341.5 million) in 2021. The market is expected to achieve a CAGR of more than 9% from 2021 to 2026. The Palestine insurance market report gives a comprehensive overview of the Palestinian economy, government initiatives, and investment opportunities. The report also gives insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report includes details of Palestine’s reinsurance business market structure.
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Palestine Insurance Market Segments
The Palestinian insurance industry is classified into life insurance and general insurance. The general insurance segment dominated the total insurance market in terms of gross written premiums (GWP). The general insurance industry witnessed significant growth in 2021, mainly due to the COVID-19 pandemic-induced awareness.
Palestine Insurance Market Analysis, by Key Segments
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Palestine General Insurance Market Segmentation by Lines of Business
The key lines of business in the Palestine general insurance industry are motor, property, liability, marine, aviation, & transit (MAT), miscellaneous, and PA&H. Motor insurance was the largest sub-segment within general insurance, followed by property insurance.
Palestine General Insurance Market Analysis, by Key Lines of Business
For more insights on Palestine general insurance lines of business, download a free report sample
Competitive Landscape
Some of the leading companies in the Palestinian insurance industry are Trust International Insurance Company, National Insurance Company, and Palestine Insurance Company.
Trust International Insurance Company: It is a public joint-stock company, which was established in 1994 and is one of the largest insurer and reinsurer groups in the Middle East and around the globe. The company has more than 200 employees.
The National Insurance Company: The company was founded in 1992 and has its headquarters in Palestine. The company provides life and non-life insurance plans to both individual and corporate clients in the country.
Palestine Insurance Industry Overview
Market Size (2021) | ILS1.1 billion ($341.5 million) |
CAGR (2021-2026) | >9% |
Key Segments | Life Insurance and General Insurance |
Key Lines of Business | Property, Motor, Liability, Marine, Aviation, & Transit (MAT), Miscellaneous, and PA&H |
Leading Companies | Trust International Insurance Company, the National Insurance Company, and Palestine Insurance Company |
Scope
- This report provides a comprehensive analysis of the Palestine’s insurance industry –
- It provides historical values for the Palestinian insurance industry for the report’s 2017-21 review period, and projected figures for the 2021-26 forecast period.
- It offers a detailed analysis of the key categories in the Palestinian insurance industry and market forecasts to 2026.
- It profiles the top life insurance companies in Palestine and outlines the key regulations affecting them.
Reasons to Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Palestinian industry, and each category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Palestinian insurance industry.
- Assess the competitive dynamics in the Palestinian insurance industry.
- Identify growth opportunities and market dynamics in key product categories.
Trust international Insurance
Al-Takaful Palestinian Insurance Company
Palestine Insurance Company
Global United Insurance Company
Al Mashreq Insurance Company Plc
Tamkeen Insurance
Table of Contents
Frequently asked questions
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What was the Palestine insurance industry gross written premium in 2021?
The gross written premium of the Palestine insurance industry was ILS1.1 billion ($341.5 million) in 2021.
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What is the Palestine insurance market growth rate?
The Palestine insurance market is forecast to grow at a CAGR of more than 9% during 2021-2026.
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What are the key segments of the Palestine insurance market?
The key segments of the Palestine insurance market are life insurance and general insurance.
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What are the key lines of business in the Palestine general insurance market?
The key lines of business in the Palestine general insurance market are property, motor, liability, marine, aviation, & transit (MAT), miscellaneous, and PA&H.
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Which are the leading companies in the Palestine insurance market?
The leading insurance companies in Palestine are Trust International Insurance Company, the National Insurance Company, and Palestine Insurance Company.
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