The London Market Group Market Modernisation programme took another step forward today with the first set of demonstrations for the new PPL platform – a priority market initiative allowing users to place business electronically.
Starting this week, there will be demonstrations of the PPL platform to the market groups that have worked closely with the PPL team; terrorism practitioners, subject matter experts, project managers and those who have agreed to take part in the market acceptance testing process.
David Ledger, Chairman of the PPL Board said: “This is a great step forward for PPL. We have focussed on ensuring that the PPL platform provides the functionality and usability that brokers and underwriters need.
“The team have taken on board the extensive feedback from the market throughout the development process. Practitioners and subject matter experts have committed tremendous time and energy in the last year and this has been invaluable in moving development forward. Market support has been really encouraging – with 9 brokers and 44 carriers signed up for the initial Terrorism go-live and around 100 market practitioners volunteering to test the platform.
“There is real momentum building around the project and we are now at the stage where the London Market will see the PPL platform for the first time in preparation of testing the system itself”.