There’s now no excuse not to jump onboard with Placing Platform Limited (PPL) after the board announced the completion of its roll out this morning.
The treaty reinsurance class of business is now live on the platform – finalising the roll out of all business classes. Going forward, PPL will focus on improving its functionality, usability and technology.
“It is great news that PPL now has all insurance and reinsurance classes of business live so that the whole market can continue its progress in adopting electronic placement,” said Bronek Masojada, chairman of the PPL Board. “With a record number of risks bound on the platform in recent weeks, there are positive signs that brokers and underwriters are working together to reap the benefits of increased efficiency, reduced back office costs and, most importantly, improved client service.”
PPL is considered a core component of the London Market Target Operating Model.
