tryggingarvörur
Tryggingarvörur, a term originating from Icelandic, translates to insurance products. These products are designed to offer financial protection against various risks. Individuals and businesses purchase tryggingarvörur to mitigate potential losses that could arise from unforeseen events. The core principle behind tryggingarvörur is risk pooling; a large number of individuals pay premiums, and these funds are then used to compensate those who experience a covered loss.
Common types of tryggingarvörur include life insurance, which provides a payout upon the death of the insured,