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RIBA launches annual scholarship opportunity for architecture students totaling £30K

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RIBA opens £30K funding scheme for architecture students

RIBA opens £30K funding scheme for architecture students
architecture.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from architecture.com Daily Mail and Mail on Sunday newspapers.

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Former RIBA president reports 'very strong demand' for new PI insurance mutual | News

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RIBA’s 66 Portland Place headquarters
RIBA past president Marco Goldschmied has said his call to arms for architects to set up a new mutual provider to counter the rocketing cost of professional indemnity insurance has revealed “very strong demand” across the profession.
Goldschmied, who was president of the institute from 1999 to 2001, last month urged small and medium-sized practices to flag their interest in setting up a not-for-profit insurance provider in the face of “extortionate” premium increases of up to 700%, blamed on fallout from the Grenfell tragedy.
He said the response to his call on LinkedIn had been “fantastic” but warned that the architectural community had to take control of its destiny before it was “permanently debilitated” by the insurance industry at a time when the profession’s existing mutual, Wren Insurance Association, only offered PI insurance to the largest practices. ....

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Another mutual insurance company isn't the answer to architects' PI woes

Another mutual insurance company isn’t the answer to architects’ PI woes
Architects continue to accept all sorts of responsibilities without being paid to do so, so is it any wonder insurers are bumping up PI premiums? asks
Paul Finch
The Marco Goldschmied initiative in respect of mutual insurance for medium-sized and smaller practices, capitalised by the newly rich RIBA, has some obvious attractions, if you buy the idea that insurance and brokers are venal villains out to exploit innocent architects.
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This looks a bit too binary. The London insurance market is the most sophisticated there is, and a market where competition is intense and ubiquitous. Why, then, are insurance premiums escalating universally, even for practices with excellent claims records? ....

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RIBA considers setting up mutual insurance company

RIBA considers setting up mutual insurance company
Source: Shutterstock
The RIBA is considering setting up a mutual insurance fund to provide cheaper professional indemnity insurance (PII) to practices, the AJ can reveal
The idea has been proposed by ex-RIBA president Marco Goldschmied who argues insurance companies are ripping off architecture firms for PII cover – and that practices should club together and mutually insure one another.
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Goldschmied has said a mutual insurance company should be backed by the RIBA, due to the need for hefty capital reserves to get started. He also called on the RIBA to recruit a team of in-house lawyers, who could advise members free of charge when claims are made against them. ....

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