The London market’s electronic placing platform, PPL Ltd., announced that the treaty reinsurance class of business went live on the platform today, completing its roll out of products.
PPL said its focus will now be on continuous improvement of the technology, functionality and usability of the platform.
. It is great news that PPL now has all the insurance and reinsurance business classes, so that the whole market can continue its progress in adopting electronic deployment, bir said Bronek Masojada, chairman of the board of PPL. Ler With a record number of risks connected to the platform in recent weeks, there are positive signs that brokers and insurers are working together to reduce increased costs, back office costs and, most importantly, benefit from improved customer service. “
The PPL platform, which first started trading with terrorist risks in July 2016, is the main component of the London Market Target Operations Model (TOM), which aims to modernize the market and make it easier to do business with London. Market.
In March 2017, PPL announced that the sea trade could be linked to the platform. In November 2017, while the property / accident risk occurred online, the aviation classes lived on the platform on June 11, 2018.
The modernization program gained momentum in March this year when Lloyd’s CEO Inga Beale decided to implement the PPL earlier this year.
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