So Carrie across specialty insurance, where are you seeing the greatest changes in the underlying risks businesses face? And what do those changes mean for underwriting strategy?

There's dramatic changes in technology, artificial intelligence, supply chain, geopolitical events.

But I actually think that the biggest change is the pace of change itself.

Risk models are evolving to adapt to that change as our business models.

And along with that comes new dimensions of risk for our insureds that cut across traditional product lines.

And so for underwriting, that requires that we have to keep up with that pace as well.

It requires a different approach.

So Carrie, how should underwriters evaluate emerging exposures when historical experience only tells part of the story?