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The Twinning Project Impact
Thursday, 20 December 2012

 

On the basis of the deliverables of the Twinning project the beneficiary institutions as well as the policy-makers in Bosnia and Herzegovina can:

  • Establish regulations and supervisory framework in insurance area that are:
    • Fully in line with the European Legislation;
    • Up to date with the latest developments in the supervision of insurance undertakings in the world;
    • Contributing to effective and efficient risk based supervision of the insurance undertakings;
    • Promoting competition, protection of customers and introduction of better environment for foreign investments in Bosnia and Herzegovina.
  • Fully harmonise the legislation of BiH in the area of obligatory MTPL insurance with the EU law.
  • Develop effectively and in line with the EU law and practices:
    • The legislation in the area of Export credit insurance;
    • The reporting functions towards the major counterparts in the European Union regarding insurance sector;
    • The dispute settlement function of the IABiH.
  • Substantially improve the cooperation with the Green Card Bureau in Bosnia and Herzegovina.

The project created a database of information as well as contributed to the development skills, knowledge and contacts which can enable independent development of the State and Entity Insurance agencies both in their ongoing activities as well as in the upcoming process of accession to the EU.

 

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2016 Statistics of Insurance Market in BiH

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