The committee received updates from Lloyd’s on the restart of the reporting simplification programme, including plans to work with managing agents to define future underwriting data requirements and develop a clear roadmap covering performance management and QMA Delta. Discussions also covered CFO engagement, audit and Solvency UK requirements, business and capital planning, and the 1% charge and rebate process.

Updates were provided from LMA CALM, TIG and Tax committees on Solvency UK, PRA DyGIST, AI initiatives, asset infrastructure and collateral arrangements. The committee agreed to proceed with a full refresh of Finance Committee membership to improve effectiveness and representation. Further updates included Finance Next Gen activity and a presentation on the new Broker Performance Dashboard ahead of its planned market rollout.