tryggingakerfum
Tryggingakerfum is an Icelandic term that denotes the set of systems and institutions that provide financial protection against risk. Derived from tryggingar (insurances) and kerfum (systems or structures), the phrase broadly covers arrangements that pool risk and compensate individuals for losses arising from illness, injury, disability, property damage, or death.
It includes public programs funded through taxation or mandatory contributions and private insurers offering voluntary coverage.
In Iceland, as in many welfare states, health care is largely publicly funded, while pension funds and
Regulation and governance are carried out by government authorities and the central bank, which set solvency,
Historically, tryggingakerfum evolved from mutual aid societies and guild-based schemes into modern statutory and market-based systems
See also: Social security, Health insurance, Pension funds, Insurance regulation.