The London Market Group market modernisation programme announced that it will be holding a series of events to demonstrate the electronic placing platform – PPL – which is currently being tested by the market. On the 19th, 20th and 21st April, the PPL team will hold ‘open house’ sessions in the Lloyd’s coffee shop area between 9am and 5pm.
David Ledger, Chairman of the PPL Board said: “The PPL team is working closely with the terrorism underwriters and brokers on going live in that line of business, but now we want to get the wider market engaged and involved.
“The future of the market depends on our ability to deliver our products in as streamlined a way as possible, so that our processes do not present a barrier to customers seeking to do business here. Time is not on our side and we need to build momentum quickly. PPL is the vital first step in that – a single market system utilised by everyone, reducing costs and increasing efficiencies.
“We want to encourage as many brokers and underwriters as possible to see the system for themselves – understand how it can help them and look to a future where the face to face trading is supported by faster processes and a lot less duplication of effort.”
See some images from the event on the 19th below.