To project contributed to the progress in the Stabilisation and Association process and foster economic growth in Bosnia and Herzegovina. Furthermore; it aimed to ensure that public policy did not prevent the equitable operation of a single economic space in the insurance sector by reason of law, supervisory practice, or tax policy and promoted the stability, integrity and effective operation of the insurance companies. Within the context of improving the insurance infrastructure, strengthening the function of supervisory authorities, and strengthening technical expertise in the insurance sector, the project’s specific objective was to:
• Ensure that public policy does not prevent the equitable operation of a single economic space in the insurance sector in BiH by reason of law, supervisory practice, or tax policy and promote the stability, integrity and effective operation of the insurance companies.
Specific activities included:
• Preparation of law on Financial Accounts of Insurance Undertakings based on EU law;
• Assistance to the State Insurance Agency and the State Insurance Bureau;
• Set up a Motor Accident Fund;
• Analysis of Profit Tax Law in relation to insurance undertakings;
• Establish an MSc course at Banja Luka and Sarajevo University.
• Initiation of technical education for insurers. Elaboration of textbooks, tutorials and examination papers.