We are delighted to report that NOVUS has completed its first integrated PPL submission successfully. We will be rolling out to all our clients over the autumn in preparation for PPL being mandated by the end of the year.
If you are looking for an Enterprise Solution for Insurance and Reinsurance Intermediary, either London Market Broker or Coverholder or perhaps an MGA, challenged by the myriad of London Market requirements, please get in touch.
The Placing Platform Limited will be mandated by the London Market by the end of 2018. The requirement for Brokers to use the platform will thus be essential, and to do this in a simple single point of entry will be crucial to ensure duplication of data and the inevitable errors don't ensue. NOVUS will enable Brokers to specify a Risk is going to be placed on PPL, select the mandatory PPL data and then send the package together with the document to the platform in one move.