Clal Insurance Enterprises Holdings Ltd.

Insurance and Long-Term Savings, as well as Non-Life Insurance, Health Insurance, Life Insurance, Pension Funds and Provident Products, for Private, Corporate and Business Clients


Founding Year 1987
Address 36 Raul Wallenberg St., Kiryat Atidim, Tower 8, Tel Aviv ADDRESS 36 Raul Wallenberg St., Kiryat Atidim, Tower 8, Tel Aviv MAILING ADDRESS P.O.B. 37070, Tel Aviv 6136902 - View Map
Phone 03-6387777; 5454*
Fax 3-6387676


Yoram Naveh, Chief Executive Officer, Clal Insurance Enterprises Holdings Ltd.

Yoram Naveh

Chief Executive Officer

Danny Naveh, Chairman of the Board of Directors, Clal Insurance Enterprises Holdings Ltd.

Danny Naveh

Chairman of the Board of Directors


I.D.B. Development holds 15.3% of the shares of Clal Insurance Enterprises Holdings Ltd. (directly and through a trustee appointed by the Insurance Commissioner). Moshe Arkin holds an additional 8%, with the remaining shares are owned by the public and traded on the Tel Aviv Stock Exchange. I.D.B. Development entered into swap transactions with various banking institutions in relation to the shares of the company that it sold to unidentified third parties, which, as at reporting date is 20%. The Group's market share, in terms of gross earned premiums, is 16% of the insurance market (in 2018) and assets managed by total NIS 197 billion (as of the end of December 2018). Clal Insurance Company Ltd. is rated ilAA+ by Standard & Poor's Maalot, while Midroog Ltd. ranks Clal Insurance at Aa1 (IFS).

The Group owns insurance agencies, pension funds, provident funds, training funds, and credit-granting companies. The company has 4,600 employees and works with 2,000 insurance agents. All of this contributes to its been ranked as one of Israel’s leading long-term insurance and savings groups.

Long-Term Savings
Clal Insurance and Finance provides comprehensive solutions in the field of long-term savings, including life insurance, pensions, provident funds, investments fund, and financial savings, for private and business clients in all sectors of the economy.

The Clal Insurance and Finance Group holds a market share, based on assets, of 14% of the long-term savings market in Israel, as defined by the Insurance Commissioner.

The Group’s new pension funds manage assets totaling NIS 56 billion for 600,000 members, and its provident funds manage NIS 33 billion (as of the end of December 2018).

As part of its life insurance activities (profit-participating policies), the Group holds a market share of 20% in terms of assets, with a total annual premiums of NIS 5 billion (in 2018). Clal Insurance and Finance manages its members prudently with total responsibility, and they benefit from the highest returns in the Israeli market, as well as the full assurance that their money is managed by a large, professional and leading entity.

General (Non-Life) Insurance
Clal Insurance and Finance is one of the leading insurance companies in Israel, in the general (non-life) insurance sector, with annual premiums of NIS 2.3 billion (2018). The company offers a wide range of insurance plans for individuals and businesses in the automotive, apartment, and property fields with profound professionalism and expertise, all the while understanding the unique needs of its client base.

Health Insurance
The division manages annual premiums totaling NIS 2.1 billion (2018) and offers various private health insurance plans – long-term care insurance, overseas travel insurance, etc. The private health insurance basket offered by the company allows its insured parties to choose the right coverage that meets their needs, with proper pricing, along with professional guidance, along with an understanding of changing trends in the industry.

Canaf Clal Financial Management, is a wholly-owned subsidiary of Clal Insurance and Finance and is one of Israel’s leading, largest and most stable financial companies. As well, it is one of Israel’s largest non-banking institutions. As the group’s investment arm, Canaf manages NIS 197 billion in assets (as of the end of December 2018), including members’ pension funds, provident funds, executive insurance, as well as Clal Group’s equity and insurance reserves.

Service and innovation
Clal Insurance and Finance dedicates considerable effort to improve its services to its agents and clients and leads a service revolution based on innovative and advanced digital tools that enable its parties to receive service and to manage their insurance and savings from anywhere, anytime. Moreover, and during the year, the company continued with the launching of breakthrough products and services, all of which meet a variety of customer needs.

For example:
Guaranteed pension – a revolutionary model that guarantees pension savers, for the first time in Israel, known in advance management fees, throughout the savings period until retirement. Management fees decrease as the accumulated fund balance grows, regardless of changing market conditions. The new model promises an extensive mix of clients with significantly higher money accumulation.

Clal Var – Innovative automobile insurance, which intelligently combines an app and a camera, affording an indication of the accident online. Upon receipt of the accident notice, the company immediately contacts the insured party and personally accompanies it throughout the treatment.

Clal Express – a direct and fast service for overseas travel insurance buyers. Allows the insured party to receive immediate payment via a mobile phone, in the event of a medical event or luggage delay, as well as an online phone doctor in Hebrew 24/7, from anywhere around the world.

Over the past year, the company has launched a new media language that reflects the new face of Clal Insurance and Finance – a dynamic, innovative and breakthrough company, with a reputation as a veteran and leading financial institution.

In August 2019, a survey was conducted by the Insurance Agency Bureau, which examines the satisfaction of agents from insurance companies and investment houses – Clal Insurance and Finance Company was ranked first in all categories!

The company has also been awarded Superbrand status, this for the sixth year in a row. The Superbrand organization crowns, for over 26 years and in over 70 countries, brands that have demonstrated brand excellence in their country.

In the area of corporate responsibility, Clal Insurance, and Finance Company, in July 2019, was awarded an upgraded platinum rating and entered the prestigious group of leading companies in Israel in the field of corporate responsibility. This is the first year when the company participated in the ranking, and entered directly into the distinguished platinum rating. The high grade reflects the day-to-day effort and its significant investments in integrating social, environmental and value considerations into business conduct.

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