Placing Platform Limited (PPL) is a not-for-profit company set up in 2016 to create a single market solution for electronic placing to allow brokers and insurers to quote, negotiate and bind business electronically. That market solution is PPL.
Since the first risk was bound on PPL in June 2016, the platform has expanded to cover almost all classes of risks placed in the Lloyd’s market, and is used by around 140 carriers and more than 100 broker firms. The platform enables brokers and insurers to quote, negotiate, bind and endorse business digitally. Risks can be placed electronically to support face-to-face negotiations, removing paper from the process and creating a digital information flow and audit trail. LIMOSS supports and provides services to PPL.
PPL supports face-to-face negotiation across the placement process by enabling a faster and more efficient process for less complex risks. It is the London Market’s e-placing platform of choice, offering best-in-class customer service to the market.
Most importantly, PPL is designed by the market for the market.
For the latest information on PPL, please click here.