Tryggingaviðskipti

Tryggingaviðskipti refers to the business of insurance in Iceland. It encompasses the offering, sale, and administration of insurance policies to individuals and businesses. These policies provide financial protection against various risks, such as damage to property, accidents, illness, or death. The Icelandic insurance market is regulated by the Financial Supervisory Authority (FME), which ensures that insurance companies operate soundly and protect policyholders' interests.

There are several types of insurance available in Iceland, including motor insurance, home insurance, travel insurance, and life insurance. Businesses can also acquire liability insurance, professional indemnity insurance, and other commercial risk coverage. Insurance companies in Iceland operate on the principle of pooling risk, where a large number of policyholders pay premiums to cover the potential losses of a few.

The primary goal of tryggingaviðskipti is to provide security and peace of mind to individuals and organizations. By transferring certain financial risks to an insurer, policyholders can mitigate the potentially devastating impact of unforeseen events. The industry plays a significant role in the Icelandic economy, facilitating commerce and providing a safety net for its citizens.