Starting from the Strategic framework of preparation for the transition to a regulatory framework based on Solvency II, the Insurance Agency of the Republic of Srpska performed an analysis of the impact of the provisions of Article 4 of Directive 2009/138/EC (Directive on taking-up and pursuit of the business of Insurance and Reinsurance – Solvency II) of insurance companies with headquarters in the Republic of Srpska.

From the results of the analysis, it follows that, under current conditions, all insurance companies would have the obligation to operate in accordance with Solvency II requirements, due to the fact that the so-called small insurance companies (which have a smaller amount of calculated premiums and calculated technical reserves) perform operations in types of liability insurance.