The panel reviewed ongoing work and emerging market issues. Members agreed to develop comprehensive guidance on expectations of market leaders, incorporating broad committee input and legal clarification of leadership roles under the GUA. Risk code triangulation data was deferred to the next meeting. The panel reviewed older model wordings, noting most were non-controversial, with a few terrorism and reinsurance endorsements requiring further review. An update was provided on modernising the US accident form, including plans for legal conversion under New York law. The panel discussed limitations of current KG risk code data and the need for more granular information. Concerns were raised about broker practices, including altered clauses and additional fees. Options for chair succession were outlined, and members will be polled. The LMA proposed arranging a future claims trends update. Action points were assigned accordingly.