Designed by the market

for the market

Facilities
Introducing Facilities PPL’s definition of Facilities…
Facilities are a significant part of the London Market – offering an
PPL Paper-placed
alternative distribution channel that can bring a diverse choice of placement master facility
risk solutions to a wide variety of markets.
For a large number of brokers and underwriters in the
London Market the introduction of facilities business
onto PPL will mean a step change in their ability to New Backload
service their clients and business partners more electronic existing
effectively and efficiently. placement facility

PPL enables brokers, insurers and their processing

teams to capture information electronically, making A master facility is a set of agreed terms and
the placing process faster, easier and more accurate. conditions between a broker/coverholder
and an underwriter (or underwriters) under
Consistent, standard processes are delivered via a single Create which to place attaching risks according to
platform utilised by all market participants, delivering
greater transparency and improved reporting. master those terms.
•• Examples of a facility include, but are not
facility limited to line slips, binding authorities and
master covers.
•• Example of attaching risks include, but are
not limited to declarations and off slips.

Overview of Facilities functionality Quote/bind/endorse

•• Any referral outside of binding authority
terms can be processed on PPL.

What can you do? Currently, what can’t you do?

•• Place facility contract (e.g. line slip, binder and master cover) •• Integrate with BARS/ATLAS Declaration/ The declaration/off slip inherits the attributes
•• Backload existing facilities •• Give access to third-party coverholders off slip and characteristics of the master facility
•• Place attaching risks (off slips, declarations) •• Process service company business captured on the PPL platform to provide a
•• Endorse master & attaching risks •• Bordereaux production level of automation, including:
•• Administer your facilities as a broker (e.g. amend default •• Create the accounting transaction (e.g. FDO) •• Markets (fixed, variable).
participant roles and references) •• Participation types (lead, agreement party,
•• Place multi section facilities follower notified and follower not notified).
•• Send quote to multiple lead markets •• Line sizes (fixed, variable).
•• Choose whether to be notified immediately if you are a
follower on a facility
•• Process broker binders (where capacity is 100% LMA/IUA)
•• Change participation per attaching risk e.g. lead to What level of automation can PPL provide?
agreement party and line %
•• Amend default underwriter references on any attaching
declaration/off slip
Minimal High levels
automation of automation
Facilities

Facilities functionality will continually evolve and improve to meet the needs of the Market.
For the latest information, contact the PPL team or refer to the Change Requests Log on
the PPL website at: www.tomsupports.london/library On a sliding scale of minimum to maximum, this is the
level of automation PPL is looking to implement.
 Contact
For further details, or if you have any enquiries about
PPL please contact: PPLProgramme@lloyds.com

www.tomsupports.london/ppl

Designed by the market

for the market Version 1.0 – August 2017