Insurance activities

The Financial Supervisory Authority of the Central Bank of Iceland maintains forward-looking and risk-oriented supervision of the activities of insurance undertakings, analyses the main risk factors in their operations, and monitors market developments. The Financial Supervisory Authority also monitors the compliance of entities in the insurance market with the laws that apply to their activities and that appropriate measures are taken when necessary. The Financial Supervisory Authority also monitors the practices of entities in the insurance market with regard to normal and sound business practices.