The Australian Institute of Chartered Loss Adjusters (AICLA) in Victoria has introduced a new educational award to recognise the academic achievement of next-generation loss adjusters.

AICLA launched the Bob Richards Awards (Vic) to recognise individuals with the highest exam mark of any module completed in the calendar year in the ANZIIF/AICLA diploma of loss adjusting course.

The inaugural winner will be announced at the AICLA (Vic) Awards in Melbourne and will receive a framed certificate along with a $500 cash prize.

The award was named after Bob Richards of AICLA (Vic) in recognition of his skills and contribution to the loss adjusting profession. Richards chaired a committee that oversaw the amalgamation of loss adjusting bodies to form AICLA and became the industry body’s inaugural president. He started his insurance career in 1962 and now continues to be an integral part in the development, training, and education for the loss adjusting industry.