The committee received an update from Lloyd’s on geopolitical risk planning, including scenario playbooks and planned war games. Key updates were shared on Blueprint Two delays, 2026 capital planning, and Principle 10 oversight.

The PRA DyGIST exercise was discussed, with a reminder for syndicates to nominate a crisis response Sponsor by 14 October.

Members raised concerns around the ‘Willingness to Lose’ framework and supported developing an LMA-led stress testing approach over external briefings.

Risk Next Gen provided updates on AI risk work and ORSA insights. A market-wide integrated assurance survey is underway.