Placing Platform Limited (PPL) has launched its Early Adoption Programme for brokers, focused on the operationalisation of the platform’s API capabilities.
According to PPL, over a five-month period WTW and Tysers collaborated with PPL to design and implement a pilot that tested API connectivity across an end-to-end validation process.
Both brokers are now implementing the API into their in-house technology platform, PPL said.
A further six organisations – including Miller, Acord Solutions Group, Zywave-owned WCL and Novidea, on behalf of Gallagher and Howden – are joining the next API phase of the EAP.
Tanya Duckworth, director of markets and partnerships for PPL said: “Our Early Adoption Programme will initially focus on APIs, given the market interest and PPL’s increasing range of enriched APIs that the Next Gen technology platform enables.
"However, I’m excited about what might follow as we collaborate closely with like-minded organisations (brokers, carriers and vendors) in generating a new ecosystem for innovators across the market.”
Last month, this publication reported that PPL had entered into a partnership with Artificial Labs that it said would be a “leap forward” in moving towards end-to-end digital trading, cutting back on re-keying and manual data processes as competition heats up in the placement space.
The partnership will involve two key features, firstly offering a “contract builder” component developed by Artificial Labs that will make it easier to create market reform contract documentation, and secondly, tools allowing for digital negotiations, both of which it hopes to have operational by the end of 2024.
This story has been updated