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Marine underwriter’s revolt leads PPL to make software changes

  • Publish Date: Posted about 7 years ago

Placing Platform Limited (PPL) experienced a revolt by a group of marine underwriters who refused to use its insurance exchange software in its current form. This has led them to review the current system and implement changes. Marine underwriters raised concerns that the new system was not fit for purpose after testing the new electronic placing platform which was due to be rolled out by the end of March. The decision was taken to return to the drawing board rather than force the sector to adopt the new format. The new system was meant to iron out current concerns like underwriters taking on more risk than they are meant to on a slip, transparency over which underwriters are on a deal and data integration.