Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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Lloyd’s to mandate the use of PPL

  • Bernard Goyder 5 February 2018
  • Lloyd's is planning to direct all brokers and underwriters to use Placing Platform Limited (PPL), the London market's digital risk placement system.

    Lloyd's CEO Inga Beale said that PPL adoption "is not happening fast enough". As a result, she is proposing to mandate the use of electronic placement across the market.

    "Unless the market moves together it will not reap the benefits and reduce administration costs. Electronic placement will support face-to-face negotiation, further increase efficiency in the market, reduce back-office...

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