Researchmoz: Personal Accident and Health Insurance Market in Israel to 2018

ResearchMoz.us include new market research report " Personal Accident and Health Insurance Market in Israel to 2018: Industry Size, Shares, Growth, Analysis, Trends And Forecast, Worldwide " to its huge collection of research reports.

The National Health Insurance Law stipulates that every citizen of Israel should be a member of one of the four health maintenance organizations (HMOs) – Clalit, Maccabi, Kupat Holim or Leumit. Healthcare insurance in Israel is primarily provided by the government with private health insurers supplying supplementary coverage.

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Israeli spending on private health insurance increased during the review period (2009–2013) and currently accounts for more than 30% of Israel’s total healthcare expenditure due to growing concerns about the public healthcare system. According to a report by Organization for Economic Development and Cooperation (OECD) in 2014, the total healthcare expenditure in Israel was 7.3% of the GDP, lower than the average of 9.3% by other OECD countries in 2012. The number of hospital beds per 1,000 population in Israel was 3.1 compared to OECD average of 4.8.

The gross written premium of the personal accident and health segment increased at a review-period compound annual growth rate (CAGR) of 11.6%. The segment is dominated by health insurance, which accounted for 82.6% of the segment’s gross written premium in 2013.

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