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  • A Modernised London Market Brokers

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    saxobob
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    The document discusses the benefits a broker receives from using a platform (PPL). The platform allows brokers to: 1) Save time by automating tasks like tracking correspondence and providing online access to risk information and quotes. 2) Work more flexibly by accessing the platform remotely. 3) Provide better service to customers through faster fulfillment, fewer queries to resolve, and more consistent data quality.

    Original Description:

    Lloyd's of London PPL Modernised London Market for Brokers vision

    Original Title

    A-Modernised-London-Market-brokers

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    The document discusses the benefits a broker receives from using a platform (PPL). The platform allows brokers to: 1) Save time by automating tasks like tracking correspondence and providing online access to risk information and quotes. 2) Work more flexibly by accessing the platform remotely. 3) Provide better service to customers through faster fulfillment, fewer queries to resolve, and more consistent data quality.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views1 page

    A Modernised London Market Brokers

    Uploaded by

    saxobob
    The document discusses the benefits a broker receives from using a platform (PPL). The platform allows brokers to: 1) Save time by automating tasks like tracking correspondence and providing online access to risk information and quotes. 2) Work more flexibly by accessing the platform remotely. 3) Provide better service to customers through faster fulfillment, fewer queries to resolve, and more consistent data quality.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    What it means for me Brokers Saves me time

    for generating new


    business / focusing on
    Supports my face-to-face
    negotiations and conversations
    during placement or post
    more value-add work bind activities

    I no longer have to sort and carry paper around - paper replaced with electronic files
     
    I don’t have to track emails manually - all correspondence through PPL is automatically tracked 
    I can access risk negotiation information instantly online  
    My turnaround time for quotes, firm orders and endorsements is much quicker  
    PPL I don’t need to repeat requests for quotes – an online quote can be seen by all selected carriers  
    I can copy and update the original risk from PPL at renewal to speed up the renewal quote process 
    I can work flexibly as I can access PPL even when I'm not in the office  
    I have real time online tracking for the progress of my cases in a single place

    I no longer have to do non-fundamental splits and London Premium Advice Notes (LPANs)




    Better
    100% I have a consistent submission process for Bureau submissions and peer-to-peer transactions  service
    CSRP 
    There are fewer Bureau queries for me to resolve   for my
    I no longer need to resolve carrier queries, they are directed straight to the carrier  customers
    SDC Data in a digitised format means my clients can benefit from faster policy fulfillment 

    Common data definitions mean I spend less time addressing inconsistencies  


    DI
    Any data disputes are easier for me to resolve against a single source of truth  
    I have access to a central source of mapped, transformed and validated coverholder data  
    DA I get more consistent data with fewer gaps for improved MGA / coverholder portfolio management  
    My data quality standards and contractual integrity are higher

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