Insurance Agency of Republic of Srpska, in accordance with its insurance sector supervisory function, has commenced with activities of preparation for implementation of International financial reporting standard 17 (IFRS 17).

Fisrt workshop titled; “Preparation for implementation of International financial reporting standard 17”, organized by World bank consultants with support of Insurance Agency of Republic of Srpska, has been conducted, where representatives from all insurance companies based in Republic of Srpska, as well as representatives from Ministry of finance of Republic of Srpska, took part.
At the workshop, a basic theory concepts of the standard have been reviewed, basic impacts on content and structure of insurance companies financial reports have been presented, and international experiences so far in implementation of this standard have been presented.