NEWS
January 2012
BTTN was selected to provide insurance broking services by leading telecommunication company in Poland.
October 2011
BTTN was selected to provide insurance broking services by largest chemical group in Poland.
April 2011
BTTN was selected to provide insurance broking services by leading consulting company providing property market advisory services.
January 2011
BTTN was selected as the insurance broker by the leading Polish rail passengers carrier.
FINANCIAL INSURANCE
Financial insurance as an instrument for businesses to transfer the operational and financial risks they are exposed to
Efforts aimed at optimising business processes have necessitated dealing with "risk technology", i.e. professional prevention against losses resulting from various risks. Risk management is a term describing the process of consciously diagnosing and controlling risk. This process is intended, above all, to reduce operational risk by reducing or even completely eliminating the adverse effects of certain risk-carrying events.
Risk identification is the key stage in the risk management process. At this stage of the process, the risk-carrying events that the business concerned is exposed to should be identified. It is important to identify the most significant potential losses that the business may suffer as part of its operations, affecting all or a substantial part of its assets, including tangible assets, personnel, technology expertise, customers or image. As the types and values of such assets are different at different businesses, risk identification should be performed individually at each business.
Once a risk is identified, it is estimated and measured. The scale of the risk may be determined by identifying the extent of possible loss or damage and the frequency of its occurrence. Precise determination of the likelihood of a particular event occurring and of the financial consequences of the event is a difficult task. This, however, can be done based on statistical data or estimates.