The latest update from PPL for you;
Placing Platform Limited (PPL) has rolled out the next release of its trading console engineered with Microsoft, as it continues to build out an end-to end, data-rich trading platform.
Embedded within Microsoft Outlook and Teams, users can now experience a new console that acts as a ‘cockpit’ to facilitate the placing of specialty risk. The console will become the key delivery mechanism as PPL roles out further functionality, connectivity tools and services, in response to the market’s accelerating path to digital trading.
Within this release, the console will enable users, teams and managers to plan, react quickly, and act with precision through key MI indicators and prioritised task lists, with direct connection to the core placing platform. All designed to empower users and allow them to focus on what matters most.
In addition, two new AI-powered trade assistants are released within the console, designed to ease insurance-specific pain points:
- Placement Creation – Directly connecting Microsoft’s Outlook and Teams to the placement creation process. The trade assistant automatically identifies core data fields in Word or PDF contract documents and allows users to seamlessly create placement records and upload supporting documentation. The functionality establishes structured data earlier in the process, removes re-keying and is estimated to create an 80% time saving in this process step.
- MRC Document Comparison – Using a proprietary MRC-trained AI document comparison tool, users can rapidly compare documents, with a contextualised summary of key changes. In addition, a fully detailed log of every change is captured along with a visual side-by-side document comparison. The provision of the contextualised summary allows users to quickly identify they key points, creating more time to focus on negotiations to secure the placement.
Tanya Duckworth, Chief Product Officer, Placing Platform Limited, commented:
“This latest release marks another step forward in how we enable digital trading through the PPL platform. Developed in close partnership with our clients, these new capabilities are designed to deliver a more seamless, intuitive experience within the Microsoft tools the market already relies on.
Importantly, this is just the beginning. We are building a connected ecosystem that will unlock access to richer market intelligence and introduce AI-powered assistants tailored to the needs of our market. All designed to help our clients to act faster, with greater precision and confidence. There is much more to come.”
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