U ask: Who is allowed to sell me insurance in Israel?

Norman answers: All issues relating to insurance in Israel are supervised by the Government Insurance Regulator who works in the Ministry of Finance and ensures that various Laws passed by the Knesset relating to insurance are properly carried out.

Only a qualified Government Licensed Agent is allowed to sell insurance in Israel. After studies, exams and internship, Agents receive a license to advise and sell insurance policies. These licenses need to be renewed annually and you are entitled to request to see your Agent's license. One is best advised to also use an Agent who is a member of the Professional Insurance Agents Association.

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U ask: Who are the main Insurance Companies in Israel?

Norman answers: There are over 20 Insurance Companies in Israel though the bulk of the business is conducted through the 5 major carriers – Migdal, Menora, Clal, Harel and the Phoenix.

Most agents work with one or more of the major carriers.