Representatives of the Insurance Agency of Bosnia and Herzegovina have participated in a conference organized by the European Insurance Supervisory Authority - EIOPA, that was held at the EIOPA headquarters in Frankfurt. The conference brought together representatives of insurance supervisors from 10 national supervisory bodies from the European Union and 10 jurisdictions outside the European Economic Area, as well as representatives from the European Commission, the International Monetary Fund, the World Bank and the Insurance Access Initiative.
The conference, chaired by the President of EIOPA, Petra Hielkema, was aimed at the exchange of opinions on supervisory experiences and practices, especially in relation to the implementation of a risk-based regulatory framework, such as Solvency II. At the beginning of the conference, the competences and markets of those present were presented, where Mrs. Belma Babović presented the activities and competences of the Insurance Agency of Bosnia and Herzegovina.
During the conference, through panels challenges in the insurance market were discussed regarding the transition of national regulations within the framework of EU regulations, risks and key problems in the region, macroeconomic trends, etc.
The conference was concluded with a round table on cooperation, including training and capacity building.