Assigned Risks Pool Panel

The Assigned Risks Pool Panel (ARPP) is a permanent panel established by the Standards and Regulation Board (SRB). The remit of its role and responsibilities are set out in its Terms of Reference, which are approved by SRB. The ARPP advises and make decisions in accordance with the Rules and Procedure for Admission to the Assigned Risks Pool, see here. It comprises of RICS members, ARP manager and listed insurers.

The Panel functions include:

Advising insurer members on the panel about the nature of the firms admitted to the ARP
Determining admission to the ARP
Monitoring firms’ progress within the ARP
Providing input into the business review and investigative process and advise insurer members on the panel accordingly
Advising the applicant firm on the terms within the ARP and interpret the Rules and Procedure for Admission to the RICS Assigned Risks Pool
Determining premiums, return premiums and other insurance terms and conditions

The ARP Panel is formed of:

A Chair, who will be a chartered surveyor
One panel member who is an RICS member and
Up to three panel members who are listed insurers (‘insurer members’), or the ARP manager as their representative (on delegated authority).

A representative from RICS Regulation will attend meetings but will not be a member of the panel. The Panel is supported by RICS staff.

Chair

Warren Wright FRICS

As a Chartered Surveyor and Registered Valuer, Warren Wright has 45 years experience of the UK residential property sector. For over 30 years, he worked for a major UK national organisation and as Technical Services Director was responsible for a team providing technical and professional guidance and advice to a team of over 300 employed surveyors and approximately 100 panel firms and also provided support and advice to many residential lender clients. Warren has also held responsibility for risk management, audit and quality control and has first hand experience of the PI market ranging from arranging cover for a surveying start-up through to managing the annual renewal for a major corporate organisation. Warren has been an active member of the RICS for many years, having sat on the Residential Survey & Valuation Professional Group and participated in a number of working groups including the Professional Indemnity Insurance Guidance (Risk and Reward) Group, the Home Survey Group and, during the Covid crisis, the Material Uncertainty Clause Review group. He was also a member of the Residential Cross Sector Group formed after the review by Dr Oonagh MacDonald and was previously an active member of the Building Society Association Property Risk Panel. He has been Chair of the Assigned Risks Pool Panel since November 2023.