L vstrygging held a monopoly to conduct all insurance activity in the Faroes, and these were also the only insurance companies in the Faroes. The corporation Tryggingarsambandi F roya is divided into a head office and sub-divisions. All the insurance departments within the corporation function as independent insurance companies.
Necessary reinsurance is placed with the most solid reinsurance companies in the European market.
Oil pollution , in connection with an oil industry, and otherwise pollution from land installations. Motor Vehicle Insurance , covering comprehensive and third party. Private vehicles are divided into separate groupings according to vehicle type, and the premium calculated thereafter. The Motor Division is a member of the Danish Automobilforsikringselskabernes Sammenslutning, and vehicle surveys are conducted according to the Danish Autotaks System. Accident Insurance , covers accidents outside work or accidents occurring at other times, not covered by the Compulsory Accident Insurance scheme.