About us

The Insurance Authority is the national financial supervisory authority of the Faroe Islands with jurisdiction over Insurance companies, Pension Funds, and one Morgage Credit Institution. The remaining areas of the financial supervision are under the Financial Supervisory Authority of Denmark- cf. www.finanstilsynet.dk

The Insurance Authority is governed by a Council/Board and a Secretariat.

The Board Members are the following:

Mr Thomas Magnussen, M.A. Law
Ms Elsebeth Ølgaard, M.Sc. Act
Mr Vagn Roslev Østergaard, M.Sc. Economics


Special Adviser
Mr Michael Holm, M.A. Law