Israel Insurance Tenders

The Israeli insurance market is a highly developed and competitive market, with a total gross written premium of ILS 62.1 billion (USD 18.1 billion) in 2022. The market is characterized by a high level of penetration, with over 80% of Israelis having some form of insurance. The life insurance segment is the largest segment of the market, followed by the non-life insurance segment.

The Israeli government is a major procurer of insurance products and services. In 2022, the government spent ILS 10.3 billion (USD 3 billion) on insurance. The main insurance products and services procured by the government are health insurance, property and liability insurance, and motor insurance.

The Israeli government procures a wide range of insurance products and services, including:
Health insurance: The government is the primary provider of health insurance in Israel. The government's health insurance program covers all Israeli citizens.
Property and liability insurance: The government procures property and liability insurance for its assets and employees.
Motor insurance: The government procures motor insurance for its fleet of vehicles.

The top authorities responsible for insurance procurement in Israel are:
The Ministry of Finance: The Ministry of Finance is responsible for setting overall policy for insurance procurement.
The Government Procurement Authority: The Government Procurement Authority is responsible for overseeing the procurement of goods and services by the government, including insurance.
The Ministry of Health: The Ministry of Health is responsible for procuring health insurance for the government's health insurance program.

The top winners of insurance procurement tenders in Israel in 2022 were:
Harel Insurance: ILS 1.8 billion (USD 523 million)
Menora Mivtachim Insurance: ILS 1.7 billion (USD 498 million)
Phoenix Insurance: ILS 1.6 billion (USD 467 million)

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