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About the life Insurance Association

The Association of Life Insurance Companies of Israel LTD. is a voluntary association that is incorporated as a private company (a non profit organization) and is registered with the Registrar of Companies.

 

The vast majority of insurers operating in Israel in the life insurance branch are members of the Association. Each insurer that holds an insurance license in the area of life insurance is entitled to join the Association as a member.

The Association’s activity is financed by means of membership dues paid by the insurers who are members of the Association.

The Association was founded in 1957 with the aim of making joint index-linked investments (initially in the Israel Electric Corporation and subsequently in the State Treasury) in order for the insurance companies to be able to issue life insurance policies that guarantee linkage.  

The Association’s principal goals are:

  • To represent the insurers vis-a-vis the State of Israel with regard to the agreements for investing in dedicated bonds (relevant for policies that were issued up to January 1, 1992, including current premiums collected in the framework of these policies).  
  • To represent the insurers before the Supervisor of Insurance and the other State authorities, including government ministries, the Knesset, public authorities and public institutions, and to serve as the insurers’ representative point of contact for the said authorities and institutions. All insofar as it pertains to life insurance.
  • To handle matters of legislationrelated to life insurance or that have implications on the life insurance industry.
  • To represent the insurance industry before the media and the public in matters related to life insurance.
  • To represent the life insurance industry in its industry-related contractual arrangements, subject to the permits required by law.

 


The Chairman of the Association is MR Yair Hamburger.

 

The Director General of the Association, Dr. Guy Rotkopf, is in charge of the Association’s ongoing management, subject to the policy that was set by the Association’s management and in accordance with its instructions.

 

Gil Salomon ADV, the Deputy Director-General of Regulation and Communications; ADV, Yael Lerner-First, Deputy Director-General and Head of life insurance and long-term savings; Yoav Antebi, CPA, Deputy CEO and Head of General insurance Division and Reut Weisberg, the Spokeswoman.

 

The Association’s management and professional committees operate under the supervision of its legal advisor, Yosi Halevy, attorney at law.

Activity performed in order to formulate positions vis-a-vis the governmental authorities is generally performed by means of the professional committees, which bring their recommendations before the Association’s management (if required in view of the matter at hand).  

 

The Association’s address: 7 Jabotinsky st. Ramat Gan

Telephone: 03-5677333 

 

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