Ebix selected as PPL software supplier
IT software firm Ebix has been selected as the Placing Platform Limited (PPL) board’s preferred software supplier to develop an electronic placing platform.
In a tender process managed by Accenture, Ebix beat business technology and services provider Xchanging.
In a progress update, the International Underwriting Association, London and International Insurance Brokers' Association and Lloyd's Market Association, said that they gave their broad support for the concept.
“The tender involved a comprehensive review of the market wide requirements for electronic support for placing. The proposed service will be a key component of the modernised London market envisaged in LMG’s Target Operating Model,” said the PPL board.
It added that work is now underway to position the platform ready for a launch later in 2015.
It expects initial implementation to be in the terrorism sector followed by a structured roll out across other classes.
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Intelligent Insurer
Newton Media Ltd
Kingfisher House
21-23 Elmfield Road
BR1 1LT
United Kingdom