Dynamic Inset Shadows are not casting shadows on Skeletal Meshes

Dynamic Inset Shadows are not casting shadows on Skeletal Meshes where previously they did.

1. Create a Blank project
2.  Enable all Ray Tracing Options in Project Settings, including Hardware Ray Tracing
3.  Place a Spotlight in the scene
4. In the Spotlight's details set Cast Ray Traced Shadows to Disabled and Cast Distance Field Shadows to Enabled.
5.  Place a Skeletal Mesh Mannequin in the scene
6. In the Skeletal Mesh's details enable Cast Dynamic Inset Shadows
7. Light the Mannequin with the spotlight

Expected Results:
The mannequin will cast a shadow

Actual Results:
No Shadow is cast.