PPL has today released its key statistics for usage in 2021, showing continued significant growth over the last 12 months, with;
- the number of risks bound in 2021 rising by 17%,
- agreed endorsements growing strongly by 25% on the previous year, and
- the number of firm orders bound leaping from just over half a million in 2020 (535,495) to 631,847 in 2021.
Further, the number of users on the platform rose to just under 20,000 in 2021 (an increase of 18%), while the number of market entities using the platform totaled 389 – up from 339 last year.
Sue Jakobek, CEO of PPL commented, “With the pandemic encouraging further adoption in 2020, we are delighted that in 2021 PPL went from strength to strength and reinforced its position as the primary platform for electronic placement in the London market.
“In 2022 we are looking forward to the landmark delivery of NextGen, and we are working very hard to prepare the market for the switch over later this year. The new platform provides a significant improvement in the PPL user experience, as well as allowing us to start providing elements of the Core Data Record.”