Feb 6, 2024, 1:32 PM
Journalist ID: 5331
News ID: 85378734
0 Persons


Israel insurance firms, pension funds on verge of bankruptcy amid Gaza war: Report

Tehran, IRNA – The Israeli media say that the significant number of casualties suffered within the ranks of the Israeli military forces in the fight against Palestinian resistance fighters in Gaza has pushed insurance companies and pension funds to the verge of bankruptcy.

According to a Tuesday report by the Arabi Post, Israeli newspaper Calcalist quoted acting director general of Israel Capital Markets Insurance and Savings Authority Amit Gal as saying that insurance companies and pension funds controlled by the regime have paid $245 million in compensation for the death of Israeli military forces during the war on Gaza.

Gal warned at the Safra Conference in Tel Aviv that this huge money has affected the Israeli financial system, arguing that the Gaza war is an important geopolitical issue which has disturbed the whole monetary structure of the regime.

He further said that the Israeli insurance companies plan to exclude the coverage for war-caused deaths from their life insurance policies.

It is worth mentioning that Israeli companies started increasing prices of their products and services following the start of the war on Gaza in early October. 


0 Persons

Your Comment

You are replying to: .