Icelandic horses are traditionally named in one of a number of ways:
Firstly they may be named after the Icelandic Sagas, Norse mythology or gods and goddesses. For example Gyðja (Gydja) meaning Goddess or fairy; or Helgi meaning saint; or Glódis meaning glowing goddess; or Árdis meaning a fairy of good weather or wealth
Secondly they maybe named after the horses colour, character or ability. For Example Fleygur meaning the flying one – obviously named after Little Viking Horse’s amazing talents; or Rauðblesa meaning chestnut with blaze
Lastly they may be named for animals, and in particular birds, or the element of nature. For example Fló, meaning flea; or Eldur meaning fire.
And then there are ones that don’t meet my nicely organised categories like Flikka – a girls name. They can be named for weapons and artefacts too.
Icelandic Horse have other names, that denote their breeding. For example Gyðja fra Kroki (which tells you where she is from in Iceland) and Fleygur from Siamber Wen (because he was born here in the UK)
The majority of Icelandic Horse breeders outside Iceland have adopted the same custom for naming horses and this shows the proper respect for this noble breed. It is not considered proper to name the Icelandic horse in a way that is demeaning.
For more Icelandic horse names try http://iceryder.net/names.html