Insurance

Less than a year after his release from prison, the former owner of a New York insurance agency has filed for bankruptcy. Among the creditors are defrauded insurance companies, tax authorities, and banks.

A dramatic court ruling reveals how an erroneous distribution of compensation funds after death led to a demand for immediate restitution, and clarifies who is truly entitled to the funds accumulated in the deceased's policy.

Phoenix, Migdal, and WeSure have won the Ministry of Finance tender for insuring private vehicles of state employees, retirees, and career soldiers in the IDF for 2027. Over 70,000 vehicles are expected to be covered.

Phoenix, Migdal, and WeSure have won the Ministry of Finance tender for insuring private vehicles of state employees, retirees, and IDF career soldiers for 2027. The program covers over 70,000 vehicles.

Ayalon was ordered to pay special interest and legal expenses after failing to transfer 20,000 shekels to the plaintiff that it had already acknowledged. Despite its own expert confirming a 10% psychiatric disability following an accident, the company withheld payment. The result: an additional 12,500 shekels in interest.

The Israeli financial group has signed a binding agreement to acquire control of a company specializing in workers' compensation insurance, with the total assets of the acquired companies estimated at tens of millions of dollars.

The coverage does not end at the school gate. Personal accident insurance for students, provided as part of parental payments, may also apply when a child is injured at home, at an extracurricular activity, or on vacation.

Eti Elishakov recalls the difficult start in the conservative insurance industry, the dramatic step of mortgaging her home to raise capital, and the moment the call center exploded on launch day.

One of the largest deals in the US market is underway: a leading international broker is acquiring a giant agency with over 10,000 employees. Here is how the industry's activity will be affected in the coming years.

Itzik Oz, Chairman of Phoenix Agencies, plans to acquire a 7% stake in the investment house Pasternak-Shoham as part of its upcoming IPO. The offering is planned for later this month at a valuation of 280 million shekels.

Ayalon insurance refused to compensate a Sderot resident for a car accident, citing a suspended license. The court ruled against the company, noting that the suspension notice was sent to his home while he was displaced following the October 7 massacre.

Direct Insurance CEO Kobi Haber has informed the board of his intention to resign in the coming months. During his eight-year tenure, he led a strategic shift toward portfolio optimization and expansion into health and long-term savings.

After eight years of successful leadership and record financial performance, Bituach Yashir CEO Kobi Haver has announced his intention to step down in the coming months.

Bituach Yashir CEO Kobi Haber has notified the company's board of directors of his intention to step down in the coming months. Bituach Yashir is Israel's largest company in the field of motor property insurance.

Following an advertising campaign claiming that agents' recommendations are influenced by commissions, the Chamber has filed a sharp demand to the Capital Markets Authority and the insurance agency. All the details on the conflict shaking the market.

The international investment bank Jefferies sets a target price of 565 shekels for Menora Mivtachim shares and explains why it is the only one in the industry increasing profits in property auto insurance while competitors are struggling. What is behind the premium that Jefferies suggests for the stock, and where do the risks lie?

Alongside a net profit of approximately 1.02 billion shekels in the second quarter, Harel CEO Nir Cohen chose to conclude the investor call with a different achievement. Cohen took pride in the fact that Harel is the only insurance and finance company to have entered the Globes brand index. "It is not just a matter of recognition, but to what extent the customer trusts and values the brand - this...

Harel Insurance ended the second quarter with a total profit of 1.02 billion shekels, a 30% increase compared to the same period last year. Following these strong results, the company announced a dividend distribution of 400 million shekels.

Insurance giant Harel reported a 30% increase in second-quarter profit, totaling 1 billion shekels. Growth was fueled by investment gains and a 68% surge in asset management and credit operations. The company is shifting to a quarterly dividend distribution policy.

Alongside strong financial reports, the insurance company Menora Mivtachim is the first to officially raise its targets. The company earned 785 million shekels in the second quarter with a return on equity of 34%, higher than other insurance companies. It projects assets under management of 750 billion shekels by 2030, a 73% jump compared to the end of last year, a similar jump in profit to 3...

After her appointment as CEO of an insurance company was canceled at the last moment, Israeli entrepreneur Eti Elishakov decided to risk all her family assets to build an empire from scratch. Now she is marking her next goal.

Menora Mivtachim concluded the second quarter with a total profit of 785 million shekels, a 10% increase compared to the same period last year. The company's return on equity rose to 24.7%.

Total profit for the half-year rose 13% to 1.25 billion shekels, adjusted profit jumped 26%, and the group distributed half a billion shekels in dividends and immediately announced another half a billion. Behind the numbers lies a new growth engine - credit - and a first perfect rating. What does all this mean for your pension savings?

Phoenix concluded the second quarter of 2026 with a total profit of 908 million shekels, a 5% decrease year-on-year. Despite a decline in insurance core profits, the company saw significant growth in investment management and consumer credit activities.

The core profit of Phoenix grew 10% above expectations, asset management activity jumped 36%, and the company is returning 62% of the half-year profits to shareholders. Phoenix is also increasing its share buyback program and announces that it will update its 2028 targets upwards.

Increase in core profits and growth in assets under management: Phoenix concludes the first half of 2026 with a total profit of 1.57 billion shekels and an increase in business targets. Excellence Trade crossed the 100,000 client threshold. The company will distribute a 400 million shekel dividend and increase its share buyback program.

A couple in their 20s contacted numerous citizens from the Arab community and gained their trust using accurate personal details. They convinced them to provide cash withdrawal codes and fled from ATMs on electric scooters. Today, an indictment was filed against them for fraud amounting to hundreds of thousands of shekels.

The WeSure Global Tech group presents its financial results for the first half of 2026, reporting a profit of 115.5 million shekels, alongside significant expansion in the US market and dividend distribution to investors.

Digital insurance company Libra concluded the second quarter of 2026 with a profit of 28 million shekels and the industry's lowest expense ratio, driven by the success of its daily insurance app, Chik.

Following the arson of eight luxury cars in Rishon LeZion, Migdal Insurance refused to pay compensation, citing a "human error" in the policy wording.

After Migdal and Clal presented a return on equity of over 22% and record core profits last week, the last three insurance companies complete the picture this week. And on the other side of the stock exchange, residential developers continue to plummet - and this is exactly the contrast that is important to know.

An insurance agent who defrauded his clients and pocketed more than 225,000 shekels was sentenced to nine months of community service, a 5,000 shekel fine, and compensation. For four years, he sold 47 clients forged compulsory insurance certificates from the "Menora" company, copying payment stamps from other policies and leaving them without insurance coverage.

Ayalon Insurance reports that total profit in the second quarter amounted to approximately 135.9 million shekels, and profit in the first half increased by 8.2% to 217.4 million shekels. The company's board of directors announced a dividend distribution of 50 million shekels.

Bituach Yashir concluded the second quarter with a 38% increase in insurance service profits, despite a 6% decline in revenues. The improved profitability is attributed to portfolio optimization and operational efficiency.

Clal concludes the first half of the year with a profit of 1.05 billion shekels, similar to last year. The volume of assets under management rose to a record of 456 billion shekels. The company will distribute a dividend of 200 million shekels.

After paying tens of thousands of shekels to a driver injured in an accident, the insurance company "Phoenix" has launched a separate legal proceeding against its famous client, Gidi Gov, claiming he was driving under an active medical disqualification.

The Capital Market Authority has imposed financial sanctions totaling approximately 10.5 million shekels on Ne'emanut Insurance Agency for violations in the pension sector. The agency misled clients and encouraged them to make illegal early withdrawals of pension savings.

Insurance company Migdal presented a 5% growth in core profit, but the interest rate cut eroded the total profit, which stood at approximately 575 million shekels at the end of the quarter. The long-term savings sector continued to enjoy growth.

Core profits broke a record, return on equity jumped above the target, and CSM from new business doubled - so why did the total profit barely rise? The quarter behind Migdal's big numbers.

The Capital Market Authority is working to eliminate temporary life insurance discounts, requiring companies to maintain initial terms throughout the policy's duration. The regulator warns that customers lured by low entry prices often become trapped due to age or health issues, eventually facing premium hikes of hundreds of percent.

Following Ayalon Insurance's victory in the tender to operate the world's largest group long-term care policy, covering 2.7 million people, the company's management addressed the strategic importance of the deal.

Mizrahi Tefahot will conclude the banking reporting season, followed by insurance companies and investment houses — the entities managing your savings and pensions. The hot stock market and interest rate cuts have boosted some stocks by tens of percent, though results across the sector remain mixed.

Clalit Health Services announced that the insurance company Ayalon will manage its group long-term care insurance policy, covering approximately 2.7 million people. The agreement is for three years with options for extension.

Following a report on hundreds of thousands of policyholders allegedly induced to purchase expensive policies, the Israel Insurance Agents Association is threatening unprecedented legal action against TheMarker and its senior reporter.

A young man who was injured during his military service suffered a disability and is dealing with PTSD. The insurance company claimed there was no functional impact, but the judge reached a different conclusion.

A young man who claimed functional disability after a car accident was filmed by the insurance company "Phoenix" performing strenuous physical tasks. However, the judge ruled that the footage does not rule out potential future loss of earning capacity.

It started with a credible-sounding phone call. A couple in their 20s allegedly posed as insurance representatives to extract personal details and empty victims' accounts. Police suspect the pair is responsible for over 50 fraud cases, resulting in hundreds of thousands of shekels in damages.

You don't have to choose between health and contribution. Because ultimately, loss of work capacity is not a loss of value. And a person who is unable to work full-time is not necessarily a person who is unable to contribute.

A 71-year-old insured person is suing the insurance company Harel, after it recognized him as a nursing care patient based on its own doctor's examination, but shortly thereafter canceled his eligibility following a covert investigation.

Attorney Yair Tribish revealed details of decisions made for his clients regarding the National Insurance Institute, including determinations for receiving monthly allowances based on established eligibility.