News Middle East29 May 2019

Palestine:Insurance market expands by over 20% in 2018

| 29 May 2019

Premiums written in Palestine increased by 24% to $280m last year compared with 2017, according to data from the 10 insurance companies operating in the market.

A report in Aliqtisadi shows that the three biggest insurers in terms of premium income in Palestine last year were:

 

Insurer

2018 premium income

US$ m

Trust International Insurance

58.52

United Insurance

51.10

National Insurance

50.96

 

The insurers operating in Palestine include two takaful companies. Tamkeen Insurance is the 10th insurer in Palestine and the second takaful operator. It opened its doors in September 2018. The first Islamic insurer in Palestine is Al-Takaful Insurance Company which started operations in 2006.

| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.