Discussions focused on APP fraud, with reimbursement capped at £85,000 under the FSCS limit, and industry challenges such as data quality issues and evolving fraud types. Elaine Perry from Lloyd’s highlighted continued rate declines, expanded policy wordings and growing broker pressure for increased coverage. Concerns about blind-follow arrangements, commission levels and the macroeconomic outlook were raised. Updates included the LMA’s AI project, subscription market brokerage guidance and a focus on blending financial institution and cyber coverage. The panel noted an increase in Ponzi schemes and genuine error claims and deferred the committee effectiveness review.