The committee discussed emerging professional indemnity exposures arising from the use of artificial intelligence, with particular focus on the safeguarding of legal professional privilege. Members considered recent legal developments, the risks associated with the use of public AI tools, and the importance of appropriate controls, governance and human oversight when adopting AI technologies within professional services firms. The potential impact of AI on underwriting and the development of related insurance products were also explored.

An update was received from the LMA Non-Marine Committee on the Lead and Follow: Beyond the Binary report. Discussions considered the evolving role of lead underwriters, follower expectations, claims handling arrangements and the application of market agreements within professional indemnity classes. Members also examined operational and regulatory developments affecting market practices, including placement processes and reforms impacting Brazilian insurance and reinsurance business.

The committee reviewed current legal and claims trends affecting solicitors’ professional indemnity business, including the increasing frequency and severity of wills and probate-related claims. Wider discussions covered litigation funding, claims management initiatives, knowledge-sharing activities and opportunities to enhance committee engagement, collaboration and market education.