How PPL turned week-long processes into minutes for 360 market firms
PPL is the London Market’s electronic placing platform which enables brokers and insurers to quote, negotiate, bind and endorse business digitally.
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In 2015, the London insurance market built an e-placing platform, PPL, to remove the paper-heavy process for all brokers and insurers. The system works as a single market solution and creates an electronic information flow and audit trail, covering all classes of risk placed in London.
PPL took advantage of Venquis screening technology and fully tailored outsourced solution to deliver the platform based on their requirements. From the outset, Venquis took charge of sourcing all of the vital skillsets and the specialists placed. These included Business Analysts, Testers, Architects, Relationship Managers and Product Owners.
Currently, the platform is being used by over 360 market firms and allows insurers and brokers to work together remotely. The Venquis specialists accounted for 60-70% of the project task force, some which have been retained to support PPL in building an updated version of the platform in an agile delivery. This will support insurers and brokers to reduce costs and provide a faster placement of complex risks and increased transparency – a project Venquis continues to support.
Client Solutions – Liam Kelly
Delivery Lead – Georgina Young
Delivery Team x3
Marketing – Jaspreet Kaur