Following the launch of Next Gen, Placing Platform Limited (PPL) has announced its plans for the decommissioning of the original PPL V3 platform, and to confirm that the shutdown of the Ebix system will occur, as originally planned, at the end of 2023.
As a result, all users of PPL V3 are encouraged to accelerate their cutover onto Next Gen.
Placing Platform Limited CEO, Joe Gordon said, “This is an important step for PPL and for the market. Most obviously, it removes the need for users to be trained on both platforms and for underwriters to have to respond to placements received on two platforms.
“It also removes the significant expense associated with running two complete and complex IT platforms, and this will allow us to invest the money saved in enhancing Next Gen. And finally, it allows the PPL team to turn its entire focus onto the opportunities associated with extending PPL for digital integrations, Blueprint 2 integration, and the data-first market.”
Some of the key dates for the closure of the platform will take place in stages, as announced by the company.
In June 2023, PPL will issue a communication to market firms with detailed instructions and guidance for what it needs to do to prepare for the shutdown.
On October 1st, the option to initiate new placements on the old platform that is PPL v3 will be disabled. The firms will be allowed to continue to enter endorsements for previously-placed risks on V3.
Then, on December 15th, 2023, the option to initiate endorsements on PPL v3 will be disabled and firms should continue to inquire about existing business on V3.
December 31st 2023 will be the final day when the user access to PPL v3 will be removed. Subsequently, the platform will be decommissioned and all data held will be deleted.
Companies like Aon recently announced that they have gone live on the Next Gen platform.
