Glossary beginning with B

BLS

(direct claims handling) – a system of handling a claim by an insurance company which issued MTPL insurance policy of the injured party, not the perpetrator. It has been operating in Poland since 1 April 2015. Once the claims handling process is finished, the insurance companies settle the amount as a lump-sum via the Polish Chamber of Insurance (PIU).

Blue chip
a name for a large public company enjoying the confidence of investors and a good financial standing. Blue chip companies are characterised by high capitalization and liquidity and a relatively stable exchange rate. In Poland, the companies included in the WIG20 index can be considered blue chip companies.