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Ayalon Insurance

One of the six largest insurance and finance groups in Israel in terms of volume of sales.

Categories

Financial and Banking  

$306.27M

Marketcap

IL Israel

Country

Ayalon Insurance
Leadership team

Mr. Sharon Reich CPA (Chief Exec. Officer)

Mr. Andrei Grodnov (VP & Director of Operations)

Ms. Yael Peer Segal (VP and Director of Marketing, Service & Communications Division)

Industries

Financial and Banking

Products/ Services
Health Insurance House Insurance Liability Insurance Property Insurance Vehicle Insurance Life Insurance Savings and Retirement Products Additional Insurance Products Reverse Mortgages
Number of Employees
1,000 - 20,000
Headquarters
Ramat Gan, Tel Aviv, Israel
Established
1976
Company Type
Public Limited Company
Company Registration
520030677
Traded as
AYAL.TA
Social Media
Overview
Location
Summary

Ayalon Insurance Company Ltd, through its subsidiaries, provides various insurance products in Israel. It offers health insurance products, including nursing, medical expenses, surgeries and transplants, dental, personal accident, travel, and medical insurance for foreign workers; house certificates; and third-party and employer, property, vehicle, and professional liability insurance products. 

The company also provides savings, pension, and provident fund products. In addition, it offers car, home, critical illness, life, mortgage, business, directors and officers, engineering, and agricultural insurance products, as well as reverse mortgages, and insurance products for collectives and organizations. The company serves its customers through a network of agents and agencies. Ayalon Insurance Company Ltd was formerly known as Ayalon Holdings Ltd and changed its name to Ayalon Insurance Company Ltd in July 2022. The company was founded in 1976 and is based in Ramat Gan, Israel. Ayalon Insurance Company Ltd is a subsidiary of Wesure Global Tech Ltd.

History

Ayalon Insurance Company Ltd has a rich history that spans several decades. It was founded in 1976 in Israel and has grown to become one of the leading insurance companies in the country. However, its roots can be traced back even further.

The origins of Ayalon Insurance Company can be traced back to 1960 when Yitzhak and Itzhak Ayalon established the company. Since its inception, the company has consistently evolved and adapted to meet the changing needs of its customers and the insurance industry.

Over the years, Ayalon Insurance Company has gained a strong reputation for its comprehensive insurance offerings and its commitment to customer service. The company provides a diverse range of insurance products to individuals, businesses, and organizations, catering to their unique insurance requirements.

Ayalon Insurance Company has also expanded its services beyond traditional insurance products. In addition to offering health insurance, property insurance, vehicle insurance, and liability insurance, the company provides savings, pension, and provident fund products. This expansion demonstrates the company's dedication to providing holistic financial solutions to its customers.

In July 2022, the company underwent a name change from Ayalon Holdings Ltd to Ayalon Insurance Company Ltd, reflecting its focus and specialization in the insurance sector.

Throughout its history, Ayalon Insurance Company has consistently prioritized customer satisfaction and has received numerous accolades and awards for its excellence in customer service and customer satisfaction.

As a subsidiary of Wesure Global Tech Ltd, Ayalon Insurance Company continues to thrive and grow, remaining committed to its mission of providing the highest level of service, affordable insurance coverage, and security to its customers in Israel.

Mission

"Our mission is to provide our customers with the highest level of service while providing them with the best and most affordable insurance coverage. We strive to ensure that our customers are protected and secure in all their insurance needs."

This mission statement reflects the company's commitment to delivering exceptional service to its customers. Ayalon Insurance Company aims to go beyond meeting the basic insurance needs of its clients by providing them with comprehensive coverage that offers maximum protection and security. The company recognizes the importance of affordability, ensuring that insurance products are accessible and cater to a wide range of budgets.

Vision

"We aim to be the leading provider of insurance products and services in Israel while striving to deliver customer satisfaction and peace of mind to our clients."

Ayalon Insurance Company's vision statement illustrates its ambition to be at the forefront of the insurance industry in Israel. The company aspires to be recognized as the go-to insurance provider, known for its excellence in delivering a wide array of high-quality insurance products and services. Ayalon Insurance Company places great emphasis on customer satisfaction, aiming to exceed customer expectations and provide them with peace of mind regarding their insurance needs.

Key Team

Mr. Doron Shabtai (Sr. VP & Sales Division Mang.)

Mr. Moshe Benvenisti (Sr. VP of Resources Division)

Mr. Daniel Israeli (VP & Director of the Actuarial Division)

Recognition and Awards
Ayalon Insurance Company has been recognized as one of the top insurance companies in Israel, receiving numerous awards over the years for excellence in customer service and customer satisfaction.
Products and Services

Ayalon Insurance Company Ltd offers a wide range of insurance products and services to meet the diverse needs of its customers in Israel. Here are some of the key offerings provided by the company:

  • Health Insurance: Ayalon Insurance Company provides comprehensive health insurance products, including coverage for nursing, medical expenses, surgeries and transplants, dental care, personal accident, travel insurance, and medical insurance for foreign workers. These products aim to safeguard individuals and families against the financial burdens associated with medical treatments and emergencies.
  • Property Insurance: The company offers property insurance, which includes coverage for houses, protecting against risks such as fire, theft, and natural disasters. Property insurance provides homeowners with peace of mind by offering compensation for damages to the structure and contents of their homes.
  • Vehicle Insurance: Ayalon Insurance Company provides insurance coverage for various types of vehicles, including cars, motorcycles, and commercial vehicles. This includes protection against accidents, theft, and damage to the insured vehicle and third-party liability coverage.
  • Liability Insurance: The company offers liability insurance products, such as third-party and employer liability insurance, professional liability insurance, and directors and officers insurance. These policies protect businesses and professionals from potential legal claims and financial losses arising from their operations.
  • Life Insurance: Ayalon Insurance Company provides life insurance policies to help individuals secure the financial future of their loved ones. These policies offer a payout or financial support in the event of the policyholder's death, providing financial protection and support to beneficiaries.
  • Savings and Retirement Products: Ayalon Insurance Company offers savings, pension, and provident fund products to assist individuals in planning for their future financial needs. These products allow individuals to save and invest their money, ensuring financial stability and security during retirement.
  • Additional Insurance Products: The company also provides a range of additional insurance products, including critical illness insurance, mortgage insurance, business insurance, engineering insurance, agricultural insurance, and insurance products for collectives and organizations. These products cater to specific needs and risks faced by individuals, businesses, and industries.
References

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Ayalon Insurance
Leadership team

Mr. Sharon Reich CPA (Chief Exec. Officer)

Mr. Andrei Grodnov (VP & Director of Operations)

Ms. Yael Peer Segal (VP and Director of Marketing, Service & Communications Division)

Industries

Financial and Banking

Products/ Services
Health Insurance House Insurance Liability Insurance Property Insurance Vehicle Insurance Life Insurance Savings and Retirement Products Additional Insurance Products Reverse Mortgages
Number of Employees
1,000 - 20,000
Headquarters
Ramat Gan, Tel Aviv, Israel
Established
1976
Company Type
Public Limited Company
Company Registration
520030677
Traded as
AYAL.TA
Social Media