The committee welcomed new members and guests and reviewed Lloyd’s updates, including strong RRQ beta submission rates and upcoming RRA validation. Deadlines and guidance for SCR reassessments and retrospective capital loading were outlined. Members raised concerns about Solvency UK’s reporting clarity and called for faster updates. IFoA exam changes prompted discussion on contingency planning. Barnett Waddingham presented findings from the AI and ML survey, with a market summary due mid-March. CALM’s 2025 priorities include key reserving issues, capital setting alignment and climate modelling. Members were encouraged to join upcoming working groups and nominate for the deputy chair role.