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LMA CRO NextGen Committee – 26 March 2025

Workstream updates were provided. The stress and scenario testing team met with Hymans and Lloyd’s to discuss alignment on geopolitical risk. The AI group aims to meet before Easter to finalise the scope for submission to the CRO Committee. The risk culture group is refining survey questions and reviewing relevant consultancies. A joint session will be scheduled for the ORSA presentation. There was support for a broader remit for the group, and a proposal to rename it ‘NextGen Risk’ to reflect expanded focus beyond CRO functions. Members agreed to continue advancing all three workstreams.