private

VIS Insurance

Vatryggingafelag Islands hf.

76Score

★★★☆☆3.7

Customer satisfaction · 0 members

FME: Leading Icelandic Non-Life Insurer (Since 1917)(2025)

VIS Insurance (Vatryggingafelag Islands) is one of Iceland's leading non-life insurers, formed in 1989 from the merger of Brunabotafelag Islands (1917) and Samvinnurygginga (1946). With approximately 109 employees, it offers domestic medical cost insurance covering the 6-month waiting period gap for new residents, alongside life, health, and property insurance for individuals, families, companies, and municipalities.

Overall Score

76/100

Founded

1989

Headquarters

Reykjavik

Type

private

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Key Metrics

Gap Coverage

Covers 6-month waiting period for new residents

Employees

~109

Roots

Brunabotafelag Islands (1917) + Samvinnurygginga (1946)

Client Types

Individuals, families, companies, municipalities

Editorial Ratings

FME: Leading Icelandic Non-Life Insurer (Since 1917)(2025)

Rating: Leading non-life insurer; roots dating to 1917 (max: Market leader)

76FME

Coverage Highlights

✓Domestic medical cost insurance covering the 6-month waiting period
✓Life and health insurance products
✓Serves individuals, families, companies, institutions, and municipalities
✓Roots dating back to 1917
✓English website available

Pros

✓Strong local brand with roots dating to 1917
✓English website available
✓Covers critical 6-month waiting period gap for new residents
✓Comprehensive product range for diverse client types

Cons

✗Small company (~109 employees)
✗Not internationally rated by major agencies
✗Limited to Iceland market
✗Supplementary coverage only (not a full health insurer)

Frequently Asked Questions

Does VIS cover the 6-month waiting period for new residents?

Yes. VIS offers domestic medical cost insurance specifically designed to cover the 6-month gap before new residents qualify for Icelandic Health Insurance.

Is VIS a health-only insurer?

No. VIS is a general non-life insurer offering health, life, property, and liability insurance for individuals, families, companies, and municipalities.

Quick Summary

InsurerVIS Insurance

Country🇮🇸 Iceland

Overall Score76/100

Satisfaction3.7/5

Members0

Typeprivate

Founded1989

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