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CALM Committee – March 2025

The committee received a presentation on the LMA Bodily Injury Index project, now available for new participants. Lloyd’s provided updates on reserving returns, RRQ data issues and delays in publishing development triangles. Reserve benchmarking will resume post-June. Solvency UK compliance and partial internal model pilots were discussed. Feedback was shared on attestation processes, with a CRO committee action raised. IFoA exam logistics and communication issues were noted and a response planned. A survey on partial internal models showed mixed views, with cost and capital impact discussed. The committee thanked Laura McMaster as she handed over the chair role to Lydia Rhodes.