Brokers and carriers have together integrated WCL’s enabledPlacing solution with the London Market electronic placing platform (PPL).
It saves them re-keying data from the platform into internal systems.
And since enalbedPlacing is integrated with other placing platforms in the market, underwriters benefit from a single view of electronic placements
PPL is one of the London Market e-placing platforms, that enables brokers and insurers to quote, negotiate, bind and endorse business digitally.
The digital platform and process supports face-to-face negotiations, but removes paper from the process, creating a digital information flow and audit trail.
With access to PPL through enabledPlacing, Carriers can handle open-market facilities and mixed-market placements on-line and without need for face-to-face underwriting.