Why the insurance giants want credit card companies
Categories: Banking & Finance
With profits on traditional insurance business under pressure, the insurance companies see credit as an increasingly important part of their armories.
two insurance companies in Israel have succeeded in laying their hands on two of the three credit card companies in Israel.
After Clal Insurance, which bought Max (formerly Leumi Card) and Harel, had a NIS 3.3 billion bid for Isracard accepted, the financials in the insurance industry explain why this is the case. .
Read more in Globes.
