Facilities release brings market change requests, improved usability with performance and security enhancements.
The latest release of the market’s electronic placing platform went live on October 9th – delivering the keenly anticipated new Facilities functionality, improved usability with over 20 market change requests plus a number of performance and security enhancements.
Collaboration and participation
Talking about the release David Ledger, Chairman of the Placing Platform Limited (PPL) Board said: “This release is what the market has been waiting for and we are very grateful for everyone’s patience. The collaboration and participation of all the market firms, both brokers and underwriters, has been vital in achieving the delivery of this release.”
Strong progress
Since the launch, progress has been strong. Many congratulations go to THB for successfully placing the first facility on the platform. The market has bound over 10,000 risks made up of nearly 28,000 firm orders in the last 52 weeks showing a consistent increase in usage. Feedback from users since the new release has been overwhelmingly positive and the PPL team is now focussed on the Property & Casualty classes being made available on the platform from Monday 6th November closely followed by Bloodstock/Livestock on the 20th November – significant additions to the suite of risk classes available to brokers and underwriters.
Are you ready?
If you are not already engaged in PPL, now is the time. Weekly demonstrations are held at the Lloyd’s building and you can register here. PPL training is available on-line (less than 1 hour for underwriters and 1 hour for brokers) or as classroom style. Momentum is building as more classes of business are added – ensure you are ready to embrace the future today!
PPL video – Welcome to PPL
Take a look at the PPL video which explains how PPL can help move risk more easily through the London Market.