New insurance claims database launched in Iceland
As of January 15 2019, the four Icelandic general (non-life) insurance companies will start using a new claims database for the Icelandic Financial Services Association (SFF) run by Creditinfo. The database will be used to counter organized insurance fraud, as it has been on the increase in relation to organized crime. According to a statement by the Icelandic Police, these groups seem to have found a loop hole in insurance fraud cases in Iceland.
Epic storms in Iceland
Epic storms in Iceland last night were the worst since 1991! There have been reports from all over the country of roof slates blowing off, windows breaking, trees being ripped from their roots and many events that were scheduled yesterday, including the lighting of the Christmas tree in Reykjavík, were canceled because of the storm. The worst of the storm hit the Keflavík area, with dangerous gusts of wind up to and over 40 m/s. Continue reading »
Brynja on the run in Berlin
Congratulations to Brynja Baldursdottir, Head of Sales and Product Development, Creditinfo Iceland.
Brynja recently ran the Berlin Marathon finishing in just 4 hours and 3 minutes. She was so fast that the winner got scared and set a new world record in a marathon. At a course know for producing fast times, Kenyan runner Dennis Kimetto ran 26.2 miles a full 26 seconds faster than ever before with a time of 2 hours, 2 minutes and 37 seconds. Way to go, Brynja!
2 New Employees – Creditinfo Group Credit Bureau Expansion
Kristinn “Kiddi” Agnarsson has recruited more people to the Credit Bureau Expansion team to meet the increased demand of all the new opportunities we are are receiving. Joining him and Shane Moldenhauer, Einar Davidsson and Jóhanna Magnúsdóttir, who you read about in the previous month’s issue of The Ivory Towers, are:
Eyjólfur “Eyjó” Eyjólfsson
Firstly, let’s start with how to pronounce Eyjólfur – as he advised some of our non Icelandic friends, its much easier to call him Eyjó which is pronounced A-O. Continue reading »
Welcome Jóhanna Magnúsdóttir
Originally working at the company as an intern, Jóhanna did such a great job, we offered her a full time role! She equally must have enjoyed her time with us as she accepted! She will now principally be working with the team on Credit Bureau Expansion. Jóhanna holds a Master Degree in Law for the University of Akureyri.
Players of the month: Iceland
Congratulations everyone at Creditinfo Iceland.
Four years ago, Creditinfo Iceland introduced a new product: Strongest in Iceland.
A detailed analysis is carried out annually highlighting Icelandic companies that have achieved top marks for their strength and stability in the market place.
Creditinfo announces Iceland’s Strongest Companies of 2013
Creditinfo Iceland has recently published “Iceland‘s Strongest Companies 2013”.
Creditinfo annually carries out detailed analysis, highlighting Icelandic companies that have achieved top marks for their strength and stability in the market place. Of the 33,000 publicly and privately owned companies registered in the Icelandic Company Directory, only 462 (1.4%) of these organizations passed the conditions, set out by Creditinfo, in order to receive the coveted award of being one of ‘Iceland’s Strongest Companies’.
Creditinfo believes that in smaller economies, it is more important to assess a company’s strength through the stability of their operational performance over time, as opposed to reviewing only one fiscal year. This long-term assessment prevents the inclusion of companies that cannot withstand market fluctuations, such as was the case for a number of businesses in the economic collapse of 2008.
Mr. Bjarni Benediktsson, Finance Minister – Iceland
Approximately 600 representatives from 225 companies attended an impressive and inspiring event on 13 February 2014 at the Hilton Nordica Hotel to celebrate and acknowledge the prestigious status of being named as one of Iceland’s strongest companies. The awards were given in three categories based on Total Assets: 80-200 ISK millions, 200-1,000 ISK millions and 1,000+ ISK millions. (Approx. 0.5 – 1 millions euros, 1 million to 6.5 million euros and 6.5 million euros plus). Icelandic Finance Minister, Mr. Bjarni Benediktsson (pictured) and Creditinfo Iceland‘s CEO, Mr. Hákon Stefánsson were pleased to present the awards to the leading organisations during the ceremony. Continue reading »
