In early April, Bronek Masojada, Hiscox CEO and PPL Chair, hosted three electronic placement events. Including a presentation from Colin O’Malley, Operations Director for PPL, as well as an update from Bronek, these events were open to all brokers and carriers, whether using Placing Platform Limited (PPL) fully, partially or not at all.
The conversation addressed the future of electronic placement, including a broad roadmap of how PPL will be developing through 2019, and the Lloyd’s mandate, particularly the forthcoming requirement for brokers to be registered for electronic placement. How to get the full benefits by using the platform from submission to renewal was also a key topic.
Over 200 practitioners from the market attended across the three events, and the Q&A sessions offered a chance to have their questions addressed by a panel, including associations and market firms. Questioners didn’t hold back and there was a good exchange of views.
Attendees also had the opportunity to view the live demonstration of PPL, the chance to take a virtual reality tour of the trading floor, and make the most of networking opportunities with London Market colleagues.
A post-event survey indicated that 83% of attendees found the events informative. Specific comments included:
“The presentation was good, and the market is starting to implement PPL in their day-to-day activities.”
“As the Head of Operations I do not use the system directly, however, this was very informative and useful for me to feed back to our Underwriting Teams”
“Keep at it. I am impressed by how far you have got so far but this is only the beginning! I would like to think that PPL has a large team of bright-eyed programmers beavering away on the next updates to keep it moving along constantly improving the look and functionality of the product. Don’t let the grass grow under your feet or hubris get to your heads!”