The Bank of Israel's balance sheets and statistics on banking institutions published by the Bank of Israel. Table 19.5 relates to insurance business by Israeli insurance companies in Israel and abroad - after deducting the share of reinsurers. In all the historical tables, data are presented at nominal values, and for the sake of comparison, the percent annual change in the Consumer Price Index is given in the table. Life assurance includes insurance in case of death, pension insurance, insurance against invalidity, and any combination of the types mentioned above. Claims paid include expenses on settlement of claims.
Data refer to calendar years.
Until 1991, insurance branch data was done by the Central Bureau of Statistics in the framework of Surveys of Insurance businesses in Israel. As of 1992, data are given to the CBS as summed by the Ministry of Finance, the Capital Market, Insurance and Savings Department. As of 1987, data in Table 19.8 differ from the data in previous Abstracts in the classification and detail of data. Classification of funds One social insurance fund may include several types of funds. Funds are classified both by type and by administration.