Group Overview

Group Overview

Harel Insurance Investments & Financial Services Ltd.


Yair Hamburger


Shimon Elkabetz


Michel Siboni


Lines of Business
Insurance and financial services – health insurance, non-life insurance, life insurance, pension funds, provident funds, study funds, mutual funds, investment portfolio management, exchange-traded notes, as well as other financial services

Established 1982


Hamburger Family


The Public

Harel Insurance Investments & Financial Services Ltd. is one of Israel’s largest insurance and financial groups. In 2013, with a market share of 21%, Harel continues to be Israel's largest insurance group in terms of premiums, presents 15% growth of total premiums and management fee revenue of NIS 15.9 billion, as of December 31, 2013. Harel's balance sheet totaled of NIS 78.7 billion as of December 31, 2013 (compared with NIS 63.4 billion as of December 31, 2012). The Group is Israel’s largest and most dominant in the field of health insurance with a market share of 41.6%, the largest in non-life insurance in terms of premiums and the fourth largest (in terms of premiums) in life insurance. Group assets under management, in insurance, pension funds, provident funds, mutual funds and financial ser-vices, as of December 31, 2013, totaled over NIS 161 billion.


The group has over than 75 Years of Insurance Activity– In 1935, the late Ernst and Margot Hamburger founded the Hamishmar Insurance Agency, which was the start of their insurance activity in Israel. In 1975, the Hamburger Family established Harel Insurance Company. Seven years later, both Harel Insurance Company and Hamishmar Insurance Agency became subsidiaries of Harel Hamishmar Investments Ltd., whose shares began trading on the Tel Aviv Stock Exchange (TASE) in 1982. In 2007, the company’s name was changed to Harel Insurance Investments & Financial Services Ltd. Harel Investments shares are currently traded on the TASE’s Tel Aviv 75 Index.


Harel Insurance Company Ltd. (100%)– Harel's professional experience and knowledge presented in all the lines of business Harel actives: In health insurance sector (includes health insurance, long term care, dental care and foreign travel insurance), Harel leads as Israel's largest company in this field, with more than 3 million insured parties, who benefit from this professional and advanced service base, with strong close ties with medical institutions in Israel and abroad. In non-life insurance sector (includes motor insurance, residential insurance, liability insurance, mortgage insurance, credit insurance), Harel continues to lead as the largest company in this field (in terms of premiums), as of totaled NIS 3.1 billion. In 2013, Harel's earned premiums and fees in the long term savings sector (includes life insurance, pension funds, provident and study funds) totaled about NIS 9.5 billion. Harel is the 4th largest in Israel in life insurance in terms of premiums, totaled about NIS 3.8 billion. Harel’s pension funds hold a 15.4% market share. Over the last decade, the Group has expanded its investments in Israel and abroad, and continues to strengthen its position in credits, infrastructures and in revenue generating real estate in Israel and abroad. Harel insures the Israeli branches of numerous multinational corporations and is a “Global Partner” of large insurance conglomerates, such as Zurich, Allianz, AXA, Ace, Alliance, Sun & Royal, XL Capital, Gerling HDl, QBE, and Chubb. Since 2008, the Group signed a unique cooperation agreement with National Indemnity Company - a leading company in the insurance arm of Berkshire Hathaway. According to the agreement, BH insures 20% of Harel’s retention from all non-life insurance lines.


Harel Finance Ltd. (100%)– The Group’s financial arm, manages NIS 53.5 billion of assets, as of December 31, 2013, which NIS 12 Billion is managed through ETNs, focuses on providing solutions for all financial needs in a wide range of products and financial services to both private individuals and institutions. The Group is actively involved in mutual funds management, investment portfolio management and financial products.


Dikla Insurance Company Ltd. (100%)– specializes in health insurance and long-term care insurance. Dikla has long-standing relationships with hospitals and medical service centers, worldwide. 

Israel Credit Insurance Company Ltd. (ICIC) (50%) – offers credit insurance (export and domestic mar-kets). ICIC is jointly controlled by Harel and Euler Hermes, the world’s largest credit insurer. 


EMI (100%)– Mortgage Insurance Company Ltd., operates in Israel as an insurer in the residential mortgage field.


Hamishmar Insurance Agency Ltd. (100%)– Hamishmar is a licensed Lloyd’s agent and the exclusive Israeli representative of Zurich Insurance, an international insurance conglomerate.


Interasco Societe Anonyme General Insurance Company S.A.G.I (95%)– an insurance company established in Greece by the Harel Group in 2006. Interasco is involved in non-life insurance and health insurance.


Turk Nippon Sigorta A.S. (100%)– In 2009, Turk Nippon started operations in all non-life lines of business in Turkey.


Corporate Responsibility– As a leading group in the Israeli economy, Harel attaches the utmost concern for corporate responsibility. Harel is carrying the flag of obligation to the community and involves, donates and supports a variety of non-profit organizations. Although Harel is one of Israel’s largest insurance groups, it still retains its traditional family values with an emphasis on integrity, fairness, reliability and personalized service.



Harel Insurance Investments & Financial Services Ltd. has been active for more than 70 years in the field of insurance and today it is the third largest insurance group in Israel with a market share of about 18.6%.

Structure of Holdings
The Company’s principal holdings - A complete list of the Company's subsidiaries and affiliated companies.
Read More
Structure of the Group's activity
The Group conducts most of its operations through two branches: the insurance and long-term savings branch, and the finances branch. Within this Harel provides: comprehensive financial and insurance solutions, including life, general and health insurance, provident, pension and mutual funds, ETF's, investment portfolio management, etc.
Read More
Strategy & Vision
The Harel’s Group’s primary goal is to preserve and anchor its place as one of Israel's three largest insurance groups, and reach a similar position in the provident funds and pension funds sector as well as in the capital market and financial services area. 
Read More
Board of Directors
The Company’s Board of Directors - A complete list of the Company's serving Directors.
Management- Senior officers of the Corporation
The Management of the Company - A complete list of the Company's serving Senior officers.
PrintTell a friend
Skip home page iframe
home page iframe









Skip Bottom bar
Bottom bar