Trygging

Trygging is the Norwegian term for protection against risk, encompassing financial arrangements that compensate for losses and provide security for individuals and organizations. In everyday language it relates closely to forsikring (insurance), but trygging can also refer more broadly to guarantees, safety nets, and other risk-mitigation measures that increase a person’s or a business’s sense of security.

Common forms include skadeforsikring (non-life insurance) such as property, motor vehicle, and liability insurance; livsforsikring (life insurance); helseforsikring (health insurance); and reiseforsikring (travel insurance). For businesses there are commercial lines covering property damage, business interruption, liability, and credit insurance.

A typical trygging contract involves the policyholder paying a premium in exchange for compensation or services if a covered event occurs. The contract defines covered risks, limits, deductibles, terms, premium adjustments, and exclusions. Claims processes determine whether and how compensation is paid.

Regulation and supervision of insurers aim to ensure solvency and consumer protection. In Norway, insurers are overseen by Finanstilsynet, the Norwegian Financial Supervisory Authority, and must comply with rules on solvency, consumer protection, and disclosure. Private providers offer cover through various distribution channels, including direct sales, brokers, and banks. Public programs may complement private trygging by providing baseline social protection.