Clal biggest insurance dealer

In terms of asset ownership, Migdal headed the list, with NIS 50.8b. in its portfolio, accounting for about 28 percent of total assets held by the country's insurance companies.

clal insurance logo 88 (photo credit:)
clal insurance logo 88
(photo credit: )
Clal Insurance, owned by Nochi Dankner's IDB group, leads Business Data Israel's 2006 list of insurance companies, with a NIS 7 billion sales volume, the research firm said Wednesday. Migdal followed with NIS 6.3b. in sales, ahead of Harel (NIS 5.5b.), Phoenix (NIS 4.5b.), Menora (NIS 3.2b.) and Ayalon (NIS 1.3b.). In terms of asset ownership, Migdal headed the list, with NIS 50.8b. in its portfolio, accounting for about 28 percent of total assets held by the country's insurance companies, which grew 15% in 2005. Total profits from the insurance business grew 17% to NIS 3.7b., about 56% of which came from life insurance and the remainder from general insurance, BDI said.