About the Association of Actuaries of the Republic of Srpska
The Association of Actuaries of the Republic of Srpska is a professional association in the Republic of Srpska with the purpose of promoting, developing and promoting actuarial science and profession, its practical application and professional development and education of actuaries.
The Association of Actuaries of the Republika Srpska was founded in 2008 and currently has 18 regular members.
UARS members: regular members, associate members and honorary members.
Management structure: Assemblies of associations, Board of Directors and Supervisory Board.
Legal documents: Statute, Code of Conduct, Disciplinary Procedure.
Our mission is the promotion and advancement of actuarial science and profession, its practical application and professional education and training of actuaries.
Our goals are:
- promoting the importance and role of the actuarial profession,
- development of actuarial education standards,
- support for actuarial research,
- identifying and resolving potential problems related to the actuarial profession
support for the practical application of the actuarial profession in various industries.
The most important UARS activities in the past period:
- supervision of the work of certified actuaries according to the Code of Conduct,
- professional organization of lectures in the actuarial profession,
- active participation in the drafting of legal acts in the actuarial profession,
- cooperation with other associations and regulatory bodies in BiH and beyond.
Challenges in the coming period:
- cooperation with the IAA and regional associations of actuaries in order to establish uniform actuarial standards of practice and standards of actuarial education, as well as the principles of the code of conduct,
- application of international actuarial standards in domestic practice,
- active participation in the field of social, health and pension insurance,
- development of models for catastrophic risks in insurance,
- development of internal actuarial function in insurance.
