The Contingency Business Panel meeting of 18 March 2026 covered market updates, training initiatives, committee effectiveness, and emerging wording issues. Members noted ongoing work on Velonetic claims cause codes and received updates from sub‑groups, including progress on exhibition and conference wordings and plans for a new Contingency Academy training programme covering key underwriting topics such as event cancellation, non‑appearance, film/TV, market cycles, and claims. The committee reviewed effectiveness survey results, highlighting unclear objectives and the need for greater inclusivity, especially through involving junior staff. A “history parade” was proposed for the upcoming Contingency Society Day to showcase the panel’s achievements.

The panel discussed challenges around war and civil unrest exclusions, the rise of private facility war coverage and associated transparency concerns, broker‑amended LMA wordings, and shifts in non‑appearance and COVID‑related exclusions, noting risks of unintentionally reintroducing pandemic cover.