Insurance indicators — Penetration in Israel

Israel: Insurance indicators — Penetration was 3.81 Percentage of GDP in 2024. ▼ Falling

Latest (2024)
3.81 Percentage of GDP
Change on year
down 8.9%
World rank
26th
of 52 countries
All-time high
4.93 Percentage of GDP
in 2018
All-time low
3.81 Percentage of GDP
in 2024
Years of data
19
2006–2024

Insurance indicators — Penetration in Israel, 2006–2024

0123452006201520242006: 4.9 Percentage of GDP2007: 4.8 Percentage of GDP2008: 4.9 Percentage of GDP2009: 4.8 Percentage of GDP2010: 4.7 Percentage of GDP2011: 4.7 Percentage of GDP2012: 4.7 Percentage of GDP2013: 4.7 Percentage of GDP2014: 4.6 Percentage of GDP2015: 4.7 Percentage of GDP2016: 4.7 Percentage of GDP2017: 4.9 Percentage of GDP2018: 4.9 Percentage of GDP2019: 4.8 Percentage of GDP2020: 4.8 Percentage of GDP2021: 4.4 Percentage of GDP2022: 4.3 Percentage of GDP2023: 4.2 Percentage of GDP2024: 3.8 Percentage of GDP

Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.

Analysis

Israel recorded 3.81 Percentage of GDP for insurance indicators — penetration in 2024. That is the lowest value across all 19 years on record.

That represents a change of down 8.9% on the previous year and down 16.5% over ten years.

Over the whole period, insurance indicators — penetration in Israel peaked at 4.93 Percentage of GDP in 2018 and was at its lowest, 3.81 Percentage of GDP, in 2024.

Israel ranks 26th of 52 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 19 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 4.83 Percentage of GDP 4.76 Percentage of GDP 4.88 Percentage of GDP 4
2010s 4.73 Percentage of GDP 4.56 Percentage of GDP 4.93 Percentage of GDP 10
2020s 4.29 Percentage of GDP 3.81 Percentage of GDP 4.75 Percentage of GDP 5

Countries ranked near Israel

  1. 23 Chile 4.43 Percentage of GDP compare
  2. 24 Austria 4.39 Percentage of GDP compare
  3. 25 India 4.18 Percentage of GDP compare
  4. 27 Uruguay 3.57 Percentage of GDP compare
  5. 28 Finland 3.51 Percentage of GDP compare
  6. 29 Brazil 3.44 Percentage of GDP compare

See the full ranking of 62 places →

More reference data data for Israel

All data for Israel →

Frequently asked questions

What is insurance indicators — penetration in Israel?
Insurance indicators — penetration in Israel was 3.81 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
What is the highest insurance indicators — penetration recorded in Israel?
The highest recorded value was 4.93 Percentage of GDP in 2018.
What is the lowest insurance indicators — penetration recorded in Israel?
The lowest recorded value was 3.81 Percentage of GDP in 2024.
How does Israel rank for insurance indicators — penetration?
Israel ranks 26th out of 52 countries with data for 2024.
Is insurance indicators — penetration rising or falling in Israel?
Over the last ten years it is down 16.5%. The long-run trend across the full record is falling.
Where does this Israel data come from?
The figures come from Organisation for Economic Co-operation and Development, published as part of Insurance indicators — Penetration. Statizoid updates them automatically from the source API.

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Insurance indicators — Penetration in Israel. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/insurance-indicators-penetration/israel/

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About this data

Indicator
Insurance indicators — Penetration
Unit
Percentage of GDP
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
62 places, 1,565 data points, 1983–2024
Last refreshed

This dataset includes key indicators on the insurance industry, such as insurance penetration (gross written premiums as a percentage of GDP), insurance density (gross written premiums in USD per capita), the share of life and non-life insurance in the total insurance business (life and non-life gross written premiums as a percentage of gross premiums), the retention ratio (net written premiums as a percentage of gross premiums) and the reinsurance share (reinsurance accepted as a percentage of gross premiums). This dataset also shows the domestic market share of foreign-controlled undertakings and branches/agencies in each reporting jurisdiction, and the geographical distribution of premiums written within the OECD.