Icelandic insurance market from the perspective of the Financial Supervisory Authority 2, 2007 Articles before 2014 Rúnar Guðmundsson English The FME is an independent State Authority which supervises the insurance market, credit market, pension market and securities market. The FME reports to the Minister of Commerce in accordance with the Act on Official Supervision of Financial Operations no. 87/ 1998. The FME was established by a merger of the Bank Inspectorate of the Central B...