Market usage of PPL reaches all time high through July renewals
At the end of the second quarter of 2020, usage by brokers and underwriters on the PPL platform has risen to an all-time high, with 8031 risks bound in the week commencing the 29th June (up 43% from the last quarter), with just under 20,000 user log ins on the platform in the same period.
Susan Jakobek, CEO of Placing Platform Limited, said “July renewals are a crucial time for the market, and the most recent statistics illustrate how well the London Market has supported its clients and business partners through lockdown by embracing the e-placement solution it has built over the last several years. The increased number of users and the fact that there were almost 2 million pages hits on the 30th June demonstrate widespread market take up of PPL.
“The ability of the platform to respond to this increased usage is a testament to the support provided by Ebix. Their help in ensuring the platform is resilient and responds well is vital and we are delighted to be extending our contract with them to support the current platform through to the end of 2021”.