What it means for me Coverholders Saves me time

for generating new

Supports my face-to-face
negotiations and conversations

/ Managing General Agents (MGAs)

business / focusing on during placement or post
more value-add work bind activities

I can use PPL (currently as an MGA with 100% LMA / IUA capacity) for a faster,
more efficient and more transparent placement process
• I can better track my binder placements throughout the placing process  
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• A full audit history is available including documents and conversations during the placing process
PPL 
My binder placement is quicker and more accurate with potentially fewer issues
further down the binder life cycle
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A faster and more efficient overall placement process means my clients can be serviced more effectively  
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In the future, I may be able to receive schedules converted by SDC in standard ACORD format
(eg aggregates) from the London Market to be ingested into my own systems   
SDC

Consistent, digitised data means my binder data is more likely to be accurate,
reducing inconsistencies and ambiguity 
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My premiums will be paid to underwriters more quickly where post-bind submission has been used 
The new PbS query process means that issues will be raised with me sooner, leading to faster resolution 
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Better
CSRP   service
Removal of ‘Londonisms’ makes it easier for me to do business with brokers and underwriters
in the London Market and reduces barriers to entry   for my
Common data definitions mean less time needed to address inconsistencies  customers
DI Any data disputes are easier for me to resolve against a single source of truth  
Consistent market data is available to me from a single source 
A single set of reporting standards for all carriers makes reporting much simpler    
I can submit data into DA SATS in various formats through multiple channels   
My data is transformed, mapped, enriched, validated and stored in a single place
DA that anyone on the contract can access  
I no longer have to manage multiple data requirements and requests  
It’s much easier for me to do business in the London Market    
I have fewer audits and compliance checks, so my administrative burden is much less 