The Palestinian Federation of the Insurance Companies has been practicing its work since late nineties. It acquires its importance in the Palestinian Insurance Law No. (20) of 2005 in accordance with article 131 of the fifteenth chapter. It is a non-profit Palestinian institution with a legal independent legal personality seeking to achieve the public interest of the national economy. It is the sole representative of all the insurance companies operating in Palestine. It seeks to develop the insurance industry, raise the insurance awareness of the public, works to protects of interests of its members and achieve cooperation with all official Authorities concerned and everybody associated with the insurance sector at the local, Arab and international levels.