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Illustrated portrait of Iceland; geographic and cultural interpretation, not regulator premises.
← The regulatory atlasCOUNTRY PERSPECTIVE / Iceland

Central-bank supervision

IcelandCentral Bank of Iceland

Insurance supervision in Iceland.

AI-generated country illustrationSources checked

01 / The institution

Seðlabanki Íslands - Fjármálaeftirlit

Financial supervision is part of the central bank. Its Financial Supervision Committee takes the decisions assigned to it under the 2019 act.

How it is structured

Central-bank supervision

Institutional source ↗

The legal foundations

Mandate, written into law.

Establishing legislation and the rules governing insurance may be different instruments.

02 / Market signals

The numbers, with context.

Figures retain the reporting period and accounting basis of their source. They are snapshots, not live indicators or directly comparable country rankings.

End-20254 + 4

Liability and life insurers

Four liability insurers and four life insurers held domestic licences.

Page 19 ↗
End-20259

Licensed insurance brokerages

End-2025 count; separately, one reinsurer and National Catastrophe Insurance operated.

Page 19 ↗

Insurance penetration. A current premium-to-GDP ratio has not been independently verified for this profile. No estimate is substituted.

03 / The report notebook

A dated view of the market.

What we noted in the regulator’s publications. Each entry separates the period covered, publication date when known, and our review date.

ReviewedNOTE 01

End-2025

Central Bank of Iceland Annual Report 2025 ↗

Insurance supervision section reviewed. Domestic licence counts are distinguished from EEA firms providing cross-border services and from pension funds.

Foreign life premiums in 2024

ISK 27.4bn

The report's cross-border figure concerns 2024, including ISK 19.4bn of pension insurance. It is not the total domestic market for 2025.

Central Bank of Iceland Annual Report 2025Page 19 · Country illustration
Read the original publication ↗

04 / Official contacts

Reach the institution.

Public institutional channels, checked 17 September 2026.

Research trail

Sources you can follow.

Independent editorial research by Insurers Global. Source dates do not certify that a law includes every subsequent amendment.

  1. Central Bank of Iceland | Financial Supervision Committee ↗Checked
  2. Institutional website — contact route ↗Checked
  3. Central Bank of Iceland Annual Report 2025 ↗Checked

Country scenes are AI-generated illustrations made with OpenAI image tools, not official regulator photographs or endorsements. Quotations remain searchable text. Report figures and directory verification are maintained separately.