Alice Chambers |
Placing Platform Limited (PPL) has partnered with Microsoft to support financial experts in the London Market with data-driven processes so they can explore revenue opportunities, tackle emerging risks and address client needs quickly and effectively.
The PPL digital trading platform is built on Microsoft Fabric and uses Microsoft Purview security features to provide easy access to a variety of data sources including client, third-party and historical data. Microsoft Office 365 is also built into the platform to enable financial services employees to communicate without interrupting their flow of work.
The platform also features artificial intelligence capabilities from Microsoft Copilot to facilitate data analytics. Copilot will help with tasks like comparing renewal quotes against existing agreements while instantly suggesting improvements based on historical and real-time third-party data.
“Transitioning to a data-first digital trading environment will help drive London Market growth and innovation,” said John Neal, CEO at Lloyd’s, a global marketplace for insurance and reinsurance. “This partnership has the potential to accelerate and capture this opportunity.”
Bill Borden, corporate vice president of worldwide financial services at Microsoft, said: “This latest initiative between PPL and Microsoft is rooted in our shared vision of empowering the insurance industry with innovative tools that boost efficiency and unlock new avenues for growth, and I’m thrilled by the value that advanced technologies like Microsoft Fabric can now unlock.”