Placing Platform Limited has confirmed that, as planned, on 1st October, Next Gen will become the only PPL platform available to place new risks.
According to the firm, from this date, the option to create a new firm order will be removed, though any firm orders created on the old platform before this date can still be completed until 15th December.
“The ability to endorse a firm order already on the old platform will not be impacted next week, as this type of endorsement can still be created and completed on or before 15th December,” PPL said.
Colin O’Malley, Chief Operating Officer, commented, “Completing the switchover to Next Gen represents a turning point in the digitalisation of the London insurance market.
“Our partners across the market have been working for over six months on transition plans to Next Gen, and we have been seeing a large upscale in volume on the new platform in recent weeks as brokers have begun to place their Q3 renewals and new risks onto Next Gen.”
O’Malley continued, “We would like to thank our partners for working with us over this period to deliver on our client commitments.
“We expect a busy month for the platform and have allocated additional resource to manage what we expect to be a high volume of support calls from new users and those navigating complex new risks for the first time.”
PPL Next Gen was opened to placements for the entire market in early April. During June, the firm noted an accelerating trend in the uptake and usage of Next Gen, with the number of risks added per week increasing by 100% in the last week of the month.
In August, PPL announced that the top ten brokers were all live on Next Gen. It later deployed its first major upgrade since launch.
