"The Insurance Industry in Iceland, Key Trends and Opportunities to 2016" Published
The size and importance of the Icelandic economy is relatively small in the Nordic region. However, the country came into prominence during the 2008 financial crisis after its three major commercial banks collapsed and had to be refinanced by the government. This had serious consequences for the Icelandic economy with the per capita disposable income and national currency decelerating sharply. In addition, the market capitalization of the Icelandic Stock Market (ICEXI) declined by over 90% during the financial crisis. However,...
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