Harel Insurance Investments and Financial Services Ltd.

Harel Insurance Investments and Financial Services Ltd. is the largest insurance group in Israel, operating in insurance, asset management, and credit segments. The company offers a wide range of insurance products, including health, non-life, and life insurance, as well as credit insurance through the Israel Credit Insurance Company (ICIC) and mortgage insurance via EMI. Additionally, Harel is active in asset management, providing services such as pension funds, provident funds, mutual funds, portfolio management, ETFs, and other financial services. The group also has a presence in infrastructure investments through the Israel Infrastructure Fund, focusing on projects in water, energy, and transportation sectors.

Established in 1935 by Ernst and Margot Hamburger, Harel has grown significantly over the decades. In 1982, the company went public on the Tel Aviv Stock Exchange, and since then, it has expanded its operations both domestically and internationally. Harel has acquired several insurance companies in Israel, including Sahar, Zion, Shiloach, and Dikla, consolidating its position as a leading insurance provider. The company also has international operations, with insurance activities in Turkey through Turk Nippon and in Greece through Interasco.

Harel's commitment to corporate social responsibility is evident through its membership in the Maala organization, a non-profit ESG standards-setting organization in Israel. Since 2015, Harel has consistently held a 'Platina Plus' rating, the highest rating assigned by Maala, reflecting its dedication to ethical and responsible business practices. The company's diverse portfolio and strategic investments have contributed to its strong financial performance, making it a prominent player in the Israeli financial services sector.