Cyber and expert-fee processes continue to face challenges, particularly around data quality and payment mechanisms, while work on diamond-sanctions documentation, Indian collateralised reinsurance language, and wildfire definitions remains ongoing.
Members discussed future digital asset risk coding, the broader treatment of specie-related exposures, and the implications of political unrest highlighted in recent modelling. Market feedback on GRASP pricing, persistent issues with artwork loan valuations, and developments in delegated authority structures were also considered. Updates were provided on professional development programmes, market movements, and emerging regulatory issues, including new U.S. customs requirements and Brazilian insurance rules. The meeting concluded with an overview of economic trends and forthcoming claims committee activity.