Designed by the market

for the market

Electronic
support
for placing
in London

www.tomsupports.london/ppl
PPL Process In 2013, the LMG’s Future Process review
concluded, amongst other things, that the market
needed to improve its accessibility by delivering
Placing Platform Limited (PPL) was created to
identify, and enable a common agreement with,
suppliers of a platform service with the intention
Placing Platform Limited is a key component in the London Market modernisation a central placing platform. This platform would to purchase a software licence and associated
support a flexible negotiation process, facilitate services for its use. The three participant
programme, in which face-to-face negotiation is supported and facilitated by
access to the market and offer faster placement organisations of PPL are the International
electronic risk capture, placing, signing, closing and endorsing. for the benefit of the client. The platform Underwriting Association (IUA); London and
would support both traditional face-to-face International Insurance Brokers’ Association
PPL is a part of the London Market’s future operating model, a comprehensive negotiations and purely electronic placements (LIIBA); and Lloyd’s Market Association (LMA).
programme of new and existing projects designed to make the market easier to do or a combination of both.
business with.

PRE-BIND QUOTE / BIND SIGN & CLOSE

(OPTIONAL)

CLIENT REQUESTS
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This diagram is a high-level example of

a placing process flow supported by PPL

Do I control the process or does it control me? How does PPL help my client? Can I still negotiate contracts face-to-face?
You remain in the driving seat. The above is just an PPL is about speed – the speed of underwriting Of course; this is an essential part of our market. All
example and many steps are optional. PPL gives you response, broker turnaround and document contact/negotiation between brokers and underwriters
a dashboard of all your work in progress and alerts production, and accuracy – the accuracy of EOC will continue as you require. You decide. The system
you to things that need to be done, but you’re always documents produced automatically with no manual will be developed to support the process to keep
in control. And team-working is fully supported so intervention. everything in check, making sure the documents and
you have the choice of who in your team controls the data are properly tracked and audited, and ensuring
process when you’re not available. that nothing goes missing.
How is this PPL system different from the current Can I use PPL when I’m out and about?
EbixExchange? Not right now, but mobile use is also on the future
PPL is designed by the market, for the market. The roadmap. We want your input to tell us how this
platform is being developed based on a new set of should work so that we can build it for you. We’ve
underwriter and broker requirements. This is being also got rid of log-in certificates so you can log in
delivered using a significantly enhanced version from any PC anywhere.
of current Ebix systems that you might know as
EbixExchange, MarketPlace and LimeSt.com. Are all these changes going to be ready on day one?
PPL will continue to deliver a significant number of
For anyone familiar with the previous Ebix systems, enhancements including additional functionality and
significant changes to the PPL platform include Quote usability improvements. Further improvements will be
functionality, Facilities functionality, a more modern delivered following practitioner feedback on using the
efficient dashboard with improved functionality across system in the live environment. The market will decide
the board making the end to end process much more the roadmap and development priorities for PPL.
user friendly– so you can now support the entire quote,
negotiate, bind and endorse lifecycle using the How easy is it to compare document versions?
platform.
Very. PPL is providing document comparison tools
to make it easy to negotiate and mark up documents,
How does PPL help me?
and to compare versions so everyone can be sure that
There is considerable benefit for all parties working what you agreed is in, and what you didn’t agree is out.
on the same system with one set of processes and
standards. Everything to do with a placement is kept I currently use EbixExchange, I’m tired of doing things
in one place so nothing can go missing and can be easily twice, or more. Does PPL help?
referred to.
Indeed it does. PPL reduces repetitive work and, if
your employer integrates your back office systems to
How do I access the platform?
it, it can seriously reduce the amount of data re-keying
Currently via a web browser. However, PPL’s future everyone has to do.
roadmap will provide full integration capability.
Broking houses and insurers will be able to use this
integration to send or receive data and/or documents,
or may choose to develop their own internal systems to
allow practitioners to undertake all the core electronic
placing activities from within their own systems.

For more information please contact:

For further details, or if you have any enquiries
about PPL please contact: [email protected]
www.tomsupports.london/ppl Version 1.4, August 2017