tryggingarfélag
Tryggingarfélag is the Icelandic word for an insurance company. These companies offer a variety of insurance products to individuals and businesses, protecting them against financial losses arising from unforeseen events. Common types of insurance provided by tryggingarfélög include life insurance, health insurance, property insurance (such as home and car insurance), and liability insurance.
The primary function of a tryggingarfélag is to pool risk. By collecting premiums from a large number
In Iceland, tryggingarfélög are regulated by the Financial Supervisory Authority (FME). This oversight ensures that these