POLICY - Special Edition - May 2023

3 POLICY Special edition 2023 Contents The Importance of Reinsurers’ Active Participation in Israel’s Insurance Market >> Premium By Ori LaviPelleg, Chief Editor, Policy D&O and Cyber - Updates of Important Developments in Israel >> By Adv. Sigal Schlimoff, partner at Gross Orad Schlimoff & Co. law office and Lloyd’s representative in Israel, And Adv. Maya Salomon- partners at Gross Orad Schlimoff & Co. law office Lloyd’s Broker Guest Krieger, Specialising in the Israeli Market, Provides an Update on London’s Dynamic Appetite for Financial Lines Risks >> By Alon Miller, CEO, Guest Krieger 24 Cyber Insurance - Expectations, Reality, Future, and the Technological View >> By Kobi Bendelak, Insurtech Israel CEO 26 How to Gain Profitability? >> By Rachel Maoz, Corporate & Business Account Department Manager, non-life division, Migdal Insurance company 30 Exploring the Rise of AI in Insurance Underwriting - From Humans to Machines >> By Anton Soudah Client Manager, Uri Orland risk management consultants 32 How to Avoid Negative Surprises in the Upcoming Renewals Season >> By Anna Ziswiler, Market Head Switzerland and Mediterranean ,Swiss re 8 6 5 The Reinsurers’ Results in the Compulsory Motor Insurance and Liability Insurance have considerably improved But there was an Aggravation in the Comprehensive Motor Insurance >> Analysis of the General Insurances in the Financial Statements >> By Hagai Shapira 10 A Record Production in 2022 is accompanied by a Loss of NIS 569M >> Analysis of the General Insurances in the Financial Statements By Hagai Shapira 34 Insurance & Reinsurance – the Human Touch >> By Diana Berezin, Co-CEO, Aon Reinsurance Israel 38 In Mindset to Israeli Life (Insurance) >> By Giselle Paz, L&H Actuary, Aon Reinsurance Israel 16 The Libor Reform - End of Libor Interest as of 30th June 2023 >> By Peggy Sharon, Adv, Levitan, Sharon & Co. 18 On Insurance Contract Law and D&o Insurance >> By Uri Orland, Adv. 20 AI and automation-driven operations for auto insurance claims management - A Revolutionary Vision >> By Uri Maimon, CEO and founder of MRM and Auto3P 22 The Recovery of Ukraine: New Insurance and Reinsurance Risks and how they will Affect Israeli Carriers and Exporters >> By Ben Aram, Alexandra Rodina and Zvika Zelichov, Kennedys 28 Chief Editor: Ori Lavi-Pelleg • Translation: Ron Tenenbom • Graphic Design: Ofek studio Publisher: Arie Lavi, Economic Communication, Ltd. • Mail: news@polisa.news • Tel. 972-3-5407884 • P.O.B 23622, Tel Aviv 6123601

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