The popularity of the PPL platform among brokers and underwriters continues to surge.
In the latest batch of statistics, it has been revealed that 8,031 risks were bound in the week commencing June 29. That’s up 43% from the last quarter. In addition, there were just under 20,000 user log-ins on the platform during the same period.
“July renewals are a crucial time for the market, and the most recent statistics illustrate how well the London Market has supported its clients and business partners through lockdown by embracing the e-placement solution it has built over the last several years,” said Placing Platform Limited CEO Susan Jakobek. “The increased number of users and the fact that there were almost two million page hits on June 30 demonstrate widespread market take up of PPL.
“The ability of the platform to respond to this increased usage is a testament to the support provided by Ebix. Their help in ensuring the platform is resilient and responds well is vital and we are delighted to be extending our contract with them to support the current platform through to the end of 2021.”
