Cyber and AI risks pose growing challenges across PCS lines, from systemic cyber threats to liability arising from AI-driven decisions. The committee monitors developments to ensure wordings, underwriting practices and risk frameworks evolve appropriately, supporting market readiness and alignment with regulatory expectations around emerging digital exposures.

The US remains a key growth area for PCS business, but it presents complex regulatory and underwriting challenges. The committee supports market development by identifying emerging trends, standardising wordings and ensuring the market remains responsive to US developments.

The committee monitors and discusses any reputational issues that could affect the Lloyd’s market, in order to promote liaison between the key parties and develop solutions to assist the credibility and stability of the market, including better data reporting, briefing and information dissemination and the development and promotion of useful LMA model clauses.