Harel Insurance Investments and Financial Services Ltd.

Harel Insurance Investments and Financial Services Ltd. is a prominent provider of insurance and financial services, offering a wide range of products and solutions including insurance coverage, investment management, and financial planning. The company is noted for its significant market role in the industry.

CCI Score

15.77

April 18

Latest Event

Harel Insurance and Finance Group Partners with Multyx to Enhance AI Capabilities in the Cloud

The partnership marks a significant milestone in modernizing Harel’s technology infrastructure through advanced AI, ML, and GenAI integration, potentially enhancing customer experience and operational efficiency without evident ties to authoritarian or repressive practices.

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SABOTEUR

Harel Insurance Investments and Financial Services Ltd. is currently rated as a Saboteur.

+10 to +24 CCI Score

Companies in this bracket take more subtle actions to undermine authoritarian practices. They might implement internal policies or support reforms that quietly weaken oppressive systems, contributing to change in less overt ways.

Latest Events

MAR

10

2025

Harel Insurance and Finance Group Partners with Multyx to Enhance AI Capabilities in the Cloud
71.72

The partnership marks a significant milestone in modernizing Harel’s technology infrastructure through advanced AI, ML, and GenAI integration, potentially enhancing customer experience and operational efficiency without evident ties to authoritarian or repressive practices.
+75

Technology and Services Impact

March 23

Harel Insurance and Finance Group's collaboration with Multyx to integrate AI solutions into its cloud environment demonstrates a proactive embrace of cutting‐edge technology to improve service delivery. This action is evaluated positively as it supports innovation and efficiency without contributing to repressive technological uses.

Harel Insurance and Finance Group Partners with Multyx to Enhance AI Capabilities in the Cloud
+70

Business Practices and Ethical Responsibility

March 23

The strategic partnership underscores Harel Insurance's commitment to modernizing its business practices through technological integration. This forward-thinking approach enhances operational efficiency and customer experience, reflecting a positive business practice stance. However, such initiatives should continue to be monitored to ensure they do not inadvertently contribute to exploitative practices.

Harel Insurance and Finance Group Partners with Multyx to Enhance AI Capabilities in the Cloud
MAR

10

2025

Harel Insurance Accelerates AI Innovation Through Multyx Partnership
24.73

Harel Insurance and Finance Group has partnered with Multyx to integrate advanced AI, machine learning, and generative AI solutions into its operations. This strategic move is aimed at streamlining data management, reducing costs, and enhancing customer service, demonstrating a forward-thinking approach to technological innovation.
+30

Technology and Services Impact

March 23

The partnership showcases Harel Insurance's commitment to modernizing its technological framework by embracing advanced AI solutions. This strategic adoption not only enhances operational efficiency but also positions the company as a progressive innovator in the insurance sector. There is no indication that the AI systems being adopted are intended for repressive purposes, reflecting a positive influence from a technological perspective.

Harel Insurance Accelerates AI Innovation Through Multyx Partnership - Investors Hangout
+20

Business Practices and Ethical Responsibility

March 23

The collaboration with Multyx reflects a commitment to ethical business practices and innovation. By partnering with a technology leader to modernize its operations, Harel Insurance is demonstrating accountability and a focus on efficiency and service quality without engaging in practices that could be leveraged to undermine democratic values.

Harel Insurance Accelerates AI Innovation Through Multyx Partnership - Investors Hangout
JAN

10

2025

Class Action Lawsuit Alleging Rights Violations
-48.67

A class action lawsuit has been initiated against Harel Insurance Investments and Financial Services Ltd., alleging that the company violated the rights of Klalit Health Insurance Pensioners. The allegations raise serious concerns over the company's adherence to ethical business practices and respect for human rights, particularly in the treatment of vulnerable groups.
-50

Labor Relations and Human Rights Practices

March 23

The class action lawsuit alleges that Harel Insurance has violated the rights of Klalit Health Insurance Pensioners. This incident reflects poorly on the company’s labor relations and human rights practices, indicating unethical treatment of a vulnerable segment which is fundamentally opposed to anti-fascist and human-rights-respecting values.

Class action against Harel Insurance Company • Violates the rights of ...
SEP

24

2024

Insurance Industry Political Donations Linked to Authoritarian Influence
-56.70

Harel Insurance Investments and Financial Services Ltd., as part of the broader insurance industry, is implicated in significant political contributions and lobbying efforts. The industry has contributed over $60 million in the 2023-24 election cycle, largely favoring Republican candidates, thereby reinforcing policies that may undermine democratic accountability and enable authoritarian agendas.
-60

Political Contributions and Lobbying Efforts

March 23

The article highlights that the insurance industry, which includes Harel Insurance Investments and Financial Services Ltd., contributed more than $60 million during the current election cycle. The disproportionate donations to Republicans indicate a strategy that seeks to influence key legislative bodies and regulatory frameworks. Such financial commitments by the industry can be seen as enabling the rise of authoritarian practices by bolstering candidates and political entities that may support deregulation and policies favoring corporate interests over public welfare.

Insurers, trade groups seek influence via donations in divisive election
DEC

31

2022

Strong ESG and Corporate Responsibility Commitment by Harel Insurance
73.75

Harel Insurance published its sixth ESG and Corporate Responsibility Report for 2021-2022, highlighting its comprehensive efforts in corporate governance, community engagement, environmental sustainability, digital transformation, and employee well-being. The report underscores the company’s commitment to ethical business practices, transparency, and social inclusion, offering a positive counterpoint to corporate complicity in authoritarian practices.
JAN

01

2022

CSR Initiatives Highlighting Ethical Business Practices
64.72

Harel Insurance showcased its commitment to corporate social responsibility through significant monetary donations, robust employee volunteer programs, and community engagement initiatives as outlined in their sixth CSR report. These efforts reflect a proactive stance aimed at enhancing social welfare and ethical business conduct.
+90

Business Practices and Ethical Responsibility

March 23

The CSR report details substantial community donations, a well-structured employee volunteer program, and other initiatives that underline Harel Insurance's commitment to ethical business practices. This positive engagement not only benefits the community but also counters detrimental corporate behaviors that might otherwise contribute to oppressive systems. Such proactive social responsibility is a mitigating factor against the rise of authoritarian tendencies.

Social Responsibility - Harel Investor Relations
OCT

29

2020

Insurance Industry Political Contributions in 2020 Election Cycle
-19.18

An analysis of the insurance industry's political action committee contributions during the 2020 election, highlighting how donation patterns—particularly favoring Republican candidates—may bolster authoritarian policies. The article indicates that despite Biden receiving higher funds from some sectors, overall, contributions have tended to support candidates with authoritarian leanings.
-30

Political Contributions and Lobbying Efforts

March 23

The article outlines that PACs associated with the insurance industry contributed significant funds to candidates, with a notable tilt towards Republicans. Under a left-leaning analysis, this pattern suggests complicity in supporting political forces that may advance authoritarian policies. As an insurance company operating within this sector, Harel Insurance Investments and Financial Services Ltd. is implicated by association in these funding practices.

How Much Insurance Groups Have Given to Trump, Biden and House, Senate Candidates