Palestinian insurance market expected to grow

According to Anwar Al-Shanti, chairman of the Palestinian insurance federation (PIF), the local market is poised to grow by more than 11% in 2017. The turnover which amounted to 215 million USD in 2016 is now set to attain 240 million USD by the end of ongoing year.

Palestine has nine insurance companies and another awaiting license. A. Al-Shanti has pointed out unequal access to insurance in Palestine where 90% of the policyholders reside in the West Bank compared to only 10% living in Gaza.

More news:

• The insurance industry in Palestine