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Ebix Europe Welcomes New Era for Competitive London Market Electronic Placement with the launch of PlacingHub
Pioneering London Market technology specialist Ebix Europe today confirms that its successful seven years as the architect and provider of the original London market electronic placement platform PPL will end on 31 December, 2023. Ebix Europe is a subsidiary of Ebix, Inc.
Ebix Europe will continue its focus on the independent growth and innovation of the new and improved electronic placing solution PlacingHub, without limitation, a state-of-the art placement choice for the London market users. Developed by the London market’s most experienced digital placement experts, PlacingHub is now live and attracting strong interest from leading re/insurance brokers and carriers, offering London market users a seamless transition to the platform including all their historic data.
Ebix Europe’s world-class support will continue for PPL users until the end of the year, maintaining the outstanding technical support that has helped over 20,000 users place millions of risks, firm orders and endorsements to date.
Ebix Europe Vice President Pete Smyth said, “We finally have the freedom to launch our vision for the London market, and are very excited about that opportunity. We are extremely proud to have successfully pioneered the London market’s exciting journey into electronic placement, and supported its adoption over the last seven years. The market has undergone significant changes during this time, including the challenges of the global pandemic, which rapidly accelerated the digitisation of placements in our market.
Throughout it all we have been dedicated to channelling more business through the London Market as efficiently as possible. We have a proven track record of successful delivery and support, and are looking forward to the freedom to take an unbounded approach to the innovation and growth of electronic placement in the future.
Competition is an opportunity and creates the ideal conditions for innovation, to the benefit of the Market. That is why we are delighted to be now independently enhancing the digital transformation of our sector and bringing our full strength and expertise to the table, offering market participants a seamless and painless transition onto our platform and accelerate the journey to data-first.
I’d like to thank the market for the tremendous support we have enjoyed over the last seven years and look forward to that continuing long into the future.”
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