Our story begins at the end of the 1930’s when, after the Jezreel Valley Railway (a branch of the Hejaz Railway) had set fire to the settlements’ grain fields several times and insurance companies had refused to cover this risk, a handful of the kibbutzim decided to adopt the basic idea of mutual insurance and established the mutual agricultural insurance fund.
That mutual fund has come a long way since then. Beginning with field and crops fire insurance, the fund then added coverage for supplies to the farms, tractors and vehicles and, over the years, industrial and liabilities insurance, and in recent years we have also established a subsidiary, the successful Atudot pensions fund.
The mutual agricultural fund changed its name several times before the current "Bituach Haklai Central Cooperative Society Ltd."
The Society is owned by 261 kibbutzim, moshavim and associations in the agricultural settlement sector, and acts as an insurance company in every sense of the term. It is authorised to operate in all branches of insurance and, like every other Israeli insurer, subject to state suppervision.
About 60% of all the society's revenues emanate from insurances for kibbutzim and plants and businesses connected with them, and about 40% emanate from insurances for the private sector through selected insurance agents.
Faced with the need to find appropriate solutions to the size and complexity of kibbutz industry (we insure some 310 plants for more than 5 billion dollars), we have attained a high level of expertise in this branch of insurance and operate with the backing of leading international reinsurers, who grant us unique and particularly wide-scale reinsurance coverage.
At the beginning of 2002, the new Bituach Haklai management defined our goals and objectives as follows:
To be a prosperous, innovative insurance company that works throughout the agricultural sector and in all branches of insurance in accordance with business and economic criteria, providing its clients with professional, honest, reliable services, thus ensuring that our insureds will continue to find it worth while to place their trust in us.
Bituach Haklai LTD 93 Hachashmonaim ST. Tel - Aviv 6713310
P.O.B 20190, Tel Aviv 6120101
Chairman of the Board: Doron Satt
Managing Director: Arie Herman
Chief underwriter & General Insurance Division Manager: Galit Danziger Dembo
Deputy Managing Director & Financial Manager: Shmuel Hartshtein
Chief Information Officer: Kobi Hochman
Deputy Managing Director & Reinsurance Department Manager: Shimon Gohar
Deputy Managing Director & Claims Department Manager: Alon Weinberg, Adv.
Actuary: Galit Rubstein
Human resources & purchasing: Meni Barhum
Ombodsman: Limor Tabouch, Adv.
Risk Management: Matan Gross
Internal Auditors (Certified Public Accountants): Rosenblum Holltzman