tryggingaviðskipta
Tryggingaviðskipti refers to the business of insurance in Iceland. It encompasses the provision of financial protection against potential losses. Companies operating in this sector offer various types of insurance policies to individuals and businesses. These policies can cover a wide range of risks, including property damage, accidents, health issues, and life events. The primary function of tryggingaviðskipti is to pool risks among a large number of policyholders. This allows for the payment of claims to those who suffer losses, funded by the premiums collected from all participants.
The Icelandic insurance market is regulated by governmental bodies to ensure the solvency and fair practices