The Company operates in two main areas – general insurance, which includes vehicle (comprehensive and compulsory), home, business, foreign travel, life; and health insurance, which includes risk, health and long-term savings plans.
The Company is unique in that as part of its strategic approach, it maintains direct contact with existing and potential customers, without the brokerage of insurance agents, through a variety of communication channels. The Company operates through several insurance brands, using a differential pricing mechanism according to specific customer information, a low-cost base, and an advanced technological infrastructure. The Company’s customer-focused service strategy offers customers a wide range of advanced digital services that enable them to enjoy weighty availability in a variety of communication channels, accessibility, and transparency (in 2018 some 97% of its insured parties were highly satisfied with the service provided).
The Company’s Activities and Business Development
According to its 2018 financial statements, premium turnover totaled NIS 2.6 billion, while comprehensive income totaled NIS 174 million. Income was earned from almost all areas of its operations, as the Company holds the largest market share in the vehicle-property-individual insurance sector.
Direct Insurance has 1,500 employees, most of whom are service and sales representatives that provide direct service to the customer base. The Company attaches pronounced importance to developing its human resource base, and as proof once again, in 2018, Direct Insurance took 1st place among insurance companies in the “Best Companies to Work For” ratings; and placed a respectable 10th in BDI’s overall ratings.
The organizational efforts to deal with human resource issues are well accepted by the Company’s employees, who have expressed their commitments and loyalty to the organization.
Contribution to the Community
As an insurance company that leads the direct insurance revolution in Israel and aspires to allow every citizen in the country to receive insurance services at fair prices, Direct Insurance considers itself committed to the community in which it operates.
As a pioneering insurance company that leads the way in innovation, Direct Insurance has focused its contribution to the community by fostering excellence and empowering the next generation, with an emphasis on disadvantaged populations by making knowledge and promoting education accessible to the technological world.
In the 2018 “Ma’ala” ratings, Direct Insurance was ranked in the “platinum plus” category (Ma’ala’s highest ranking) and is included in the Ma’ala Index on the Tel Aviv Stock Exchange.
2018 Financial Data
CofaceBdi Combined risk index summary for October 2017 Deterioration in the Combined risk index of Israel’s economy * About 13.25% of the companies were rated in high and dangerous risk levels * Heading the weak and dangerous branches: Coffee shops and Transport services * Heading the strongest and secure branches: Pharmaceutical and cosmetics industry and […]
From the resurgence of cybersecurity to deals seeking to bring cannabis firms to stock exchanges, here are the trends that shaped Israeli M&A in 2018
47% of the contractors expect prices to continue rising In spite of Government efforts – only 39% of the contractors expect an increase in branch’s activity this year, 47% of the contractors expect dwelling prices to continue rising, 82% of the contractors expect the collapse of construction realization companies to continue this year too. […]
Adv. Yoheved Novogroder-Shoshan (Hi-tech Partner) and Adv. Miriam Friedmann (Hi-tech Associate) “Information is the oil of the 21st century, and analytics is the combustion engine.” Peter Sondergaard. One of the most significant commodities of our era is data. The availability and novel methods of processing data has enabled medical practitioners to take tremendous strides in […]