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:



2018 premium income

US$ m

Trust International Insurance


United Insurance


National Insurance



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.

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