The Central Bank of the Republic of Kosovo, in cooperation with the World Bank’s Centre for Financial Reporting Reform and Sustainability (CFRR), organised a preparatory workshop on strengthening financial reporting in the insurance sector, including implementation of International Financial Reporting Standard 17 (IFRS 17) Insurance Contracts. The event positions IFRS 17, alongside Solvency II requirements, as a major reform package expected to start implementation from 2026. The workshop focused on building the professional capacity of the central bank, insurance companies and other relevant authorities through practical knowledge exchange and experience sharing with local and international experts, including a World Bank-engaged international consultant. Participants included representatives from Albania’s Financial Supervisory Authority, the Kosovo Council for Financial Reporting, insurance companies, certified accountant associations and Central Bank of the Republic of Kosovo staff, with support delivered through the World Bank-backed EAASURE programme and contributing institutions.
Central Bank of the Republic of Kosovo 2025-06-10
Central Bank of the Republic of Kosovo hosts World Bank supported workshop to prepare the insurance sector for IFRS 17
The Central Bank of the Republic of Kosovo and the World Bank’s Centre for Financial Reporting Reform held a workshop to enhance financial reporting in the insurance sector, focusing on IFRS 17 and Solvency II. The event aimed to build capacity through knowledge exchange with local and international experts, including regional financial authorities and insurance companies, supported by the World Bank-backed EAASURE programme.