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Combined UK Commercial Property & Household Business Panel – 28 January 2025

An update from Nigel Roberts covered progress on the Computable Binding Authority Agreement project, addressing inefficiencies and promoting digital contracts. Commercial property BI wording updates were discussed, with a working party meeting planned. Members reviewed House Rebuilding Cost Index licensing issues and agreed to fund an external-use subscription package. AI loss scenarios were debated, focusing on perils and writebacks. The panel noted biodiversity net gain considerations, risk code discussions and plans to extend invitations to Lloyd’s contacts.