ICIC – The Israeli Credit Insurance Company Is the leading credit insurer in Israel. ICIC has been leading the field since 1957 and today insures sales totaling over $16 billion annually, in both local and foreign trade transactions.
ICIC is an equal partnership company, jointly owned by EULER HERMES – the largest credit insurer in the world, and HAREL INSURANCE INVESTMENTS AND FINANCES LTD – the largest insurance and finance company in Israel.
ICIC insures credit in 140 countries and the company’s 500 policyholders include many of the leading companies in Israel and their subsidiaries around the world. Using Euler Hermes systems and connections ICIC is able to provide quick solutions to transactions all over the world.
ICIC offers varied and advanced credit insurance services as well as programs which enables obtaining finance from banks and financial institutions in addition to guarantees for both domestic and export purposes. Our lines of bonds and guarantees written contain Bid bonds, Advance Payment bonds, Performance bonds and Custom bonds.
ICIC works with leading reinsurers around the world and has an international rating by Moody’s A3 with a stable forecast (This is the highest international rating assigned to an Israeli company except Banks) and local rating Aa2 with a stable forecast.
ICIC was established as a government owned company in 1957, privatized in 2002, and today is owned by EULER HERMES (50%) and Harel (50%).
Highlights in 2017 / 2018
ICIC continues to look ahead, and has enlarged new lines of business products customized for its policy holders: mid-term credit insurance, surety bonds, etc.
ICIC is a technological leader, in the recent months we have launched the ICIC APP our advanced mobile application.
Board of Directors
Mr David Blumberg – Chairman
Mrs Hagit Chitayat-Levin – CEO
12 Hachilazon St.
Ramat Gan, 5252276
Phone +972-3-796 2401
Hagit Chitayat Levin