The panel refined its objectives via a member survey. Members discussed inviting legal and claims experts to future meetings and considered adopting the IUA’s structured update model. Updates included the Claims Data Project linked to ICOS and the AI working group’s draft paper on underwriting risks. The panel approved two territorial exclusions and noted priority wordings projects for 2025. A ‘spring clean’ of legacy wordings was launched. Lloyd’s Lab presented innovation initiatives, including InsurX, Diesta, Tortona AI and Gaia. Members were reminded to review ageing cyber clauses, with the FI Committee drafting a new PI cyber clause.