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LMA CRO NextGen Committee – 14 May 2025

The committee confirmed continued focus on three key workstreams. Members were asked to nominate interested colleagues to expand involvement. The AI and stress testing teams will finalise scopes, with a Hymans meeting arranged to ensure tangible outputs. The risk culture group will introduce LMA to consultancies and develop a CRO survey. Members discussed presenting on ORSA at the upcoming CRO Forum, conditional on incorporating NED feedback. A discussion followed on US tariffs, with risk teams assessing secondary effects, lines of business impacted and inflation implications. Actions were agreed across all areas to ensure continued progress.