Viewers can read herebelow a comment from the International Underwriting Association on Lloyd’s announcement (press release) about mandating Placing Platform Limited (PPL).
Dave Matcham, chief executive of the IUA, said: “PPL can only be successful if it is widely used across the London Market and supported by enhanced capture of data in a structured manner. Growing volumes and take-up for the system across multiple business lines is an urgent priority for 2018.
“The proposed mandating of electronic placement by Lloyd’s will undoubtedly provide a significant boost for these objectives. IUA’s supports this initiative and will continue to actively promote and engage members in paperless electronic trading. Many IUA members have already demonstrated clear support for PPL and I strongly expect this to accelerate further in the coming months.”