Placing Platform Limited (PPL) experienced an accelerating trend in the uptake and usage of its Next Gen platform during June, with the number of risks added per week increasing by 100% in the last week of the month.
In June, PPL initiated a campaign to encourage users to transition to the new platform before the closure of the previous one on October 1st.
In the six weeks leading up to mid-June, the number of risks added per week increased by 30%. This growth rate further accelerated to 50% in the third week and reached an impressive 100% in the last week of June.
PPL is pleased to report that over 90% of carriers are now live on the new Next Gen system, highlighting the widespread adoption within the market.
The agile architecture of the Next Gen platform has proven its ability to support continuous improvement, with monthly upgrades in April, May, June, and an upcoming major release planned for August, delivering new functionality to users.
Currently, 40 brokers are actively using Next Gen, and PPL is working closely with all brokers to ensure a seamless transition of their risks to the new system by autumn. More detailed information regarding broker transition plans will be published later in July.
With over 4,000 users having completed their training on Next Gen, PPL encourages all firms to ensure that their users undergo the online training. This training is essential to ensure that users are comfortable with the changes in functionality and workflow brought about by the new platform.
Joe Gordon, CEO of Placing Platform Limited, expressed gratitude to all those in the market who have embraced the Next Gen platform and contributed to its success. He acknowledged the accelerating pace of adoption as the October 1st deadline for new submissions on the old platform approaches.
Gordon urged firms that have not finalised their migration plans to do so promptly. As the transition process nears completion, PPL can shift its focus to the next phase of its evolution, which emphasises digital integration with market firms, prioritising data, and implementing Blueprint II.
