This update will detail the options a user has once the ability to initiate new placements and endorsements via PPL v3 has been disabled.
1. Reminder of the key dates
The key dates for the planned shutdown of the old platform (Ebix v3), are as follows:
- 1st October 2023: the option to initiate new placements on the old platform (PPL v3) will be disabled.
- 15th December 2023: User access will be disabled and no further activity will be possible on v3, with the exception of Super Users (for the purposes of accessing MI extracts).
- 31st December 2023: All remaining user access to PPL v3 will be removed.
- Subsequently the platform will be decommissioned and all data held will be deleted.
2. Disabling new business & endorsements
This section sets out the options a user has once the ability to initiate new placements and endorsements via PPL v3 is disabled.
1st October 2023 – Switching off new business (quote & firm order).
a) The option to create a new firm order from 1st October 2023 onwards will be removed.
b) Any firm orders created prior to 1st October 2023 on v3, regardless of inception date, can be completed via the platform until 15th December 2023. Meaning: –
- Underwriters can respond with and without line conditions and subjectivities.
- Underwriters can update references and risk code allocation.
- Brokers can negotiate line conditions and subjectivities.
- Brokers can sign and close.
- Brokers can cancel and replace.
c) The ability to endorse a firm order will not be impacted. Endorsements can be created and completed on or before 15th December 2023.
15th December 2023 – Switching off endorsements.
a) All non- Super User* access will be disabled to ensure no further activity can be undertaken.
b) Any endorsements that have only been partially agreed will require all relevant underwriters to re-agree on PPL Next Gen.
c) Super Users will be able to access MI extracts until 31st December 2023.
* Super User is a role on PPL v3 that enables a user to download MI extracts from the platform. You can review your Super Users via the PPL platform or by contacting pplenquiries@placingplatformlimited.com.
3. Actions for market firms
- Distribute the guidance in this update to your users. NB. PPL will be updating users via our newsletter in mid-September.
- Ensure your open market placements and facilities have been added to the PPL Next Gen Archive in readiness for subsequent processing (Brokers only). Please refer to the PPL website for guidance on Archived Placements.
- Determine which individual(s) at your organisation are authorised to receive your complete v3 Audit Trail when the platform is shutdown.
- Ensure your users are trained on PPL Next Gen in readiness of the shutdown. For more information, please see our dedicated training page on our website https://placingplatformlimited.com/training/.
Next steps for PPL
PPL is continuing to work with Ebix Europe and our governance committees to investigate the best method for requesting and providing market firms with their complete Audit Trail. We plan to provide a further update at the beginning of October on the outcome.
In the meantime, we will be contacting each market firm, via their nominated Point of Contact, to request the name of the individual who will be authorised to receive your complete v3 Audit Trail so we can ensure our records are up to date and accurate.
Support & Feedback
If you have any questions or queries relating to this document, or any other enquiry relating to PPL, please email pplenquiries@placingplatformlimited.com.
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