Insurers play a pivotal role in scaling timber construction by demonstrating confidence in performance and durability.
The Framework details risk-informed design, fire safety, and quality assurance practices that reduce uncertainty and improve insurability. It helps insurers collaborate with project teams to strengthen resilience standards, ensuring timber buildings meet the highest benchmarks for safety, integrity, and long-term value.
Confidence in timber is growing. The Framework supports insurers with risk-informed design and proven safety practices that enhance durability and trust across the industry.
Actions for Insurers
Evaluate risk accurately. Develop underwriting criteria that reflect reduced lifetime risk from modular, reversible systems
Sub-action
Favour buildings with verifiable reuse potential and transparent documentation.
Facilitate the use of second-life timber materials in structural or non-structural applications.
Tools and Guidance
Principles included in this strategy
- Extending the life of existing buildings
- Maximising the carbon storage potential of wood
Develop risk models that recognise resilience benefits from prefabricated and responsibly sourced timber
Tools and Guidance
Principles included in this strategy
- Accounting for Whole Life Cycle
Informing the future. Monitor timber safety, durability performance, on-site practices and material handling to improve future risk modelling for timber projects
Tools and Guidance
Principles included in this strategy
- Accounting for Whole Life Cycle
Adjust premiums based on carbon reduction, durability, and safety performance of timber systems to reflect actual risk
Tools and Guidance
Principles included in this strategy
- Accounting for Whole Life Cycle
Participate in industry-wide benchmarking or open-source databases for timber performance
Tools and Guidance
Principles included in this strategy
- Promoting a timber building bioeconomy
Participate in industry-wide benchmarking or open-source databases for timber performance. Share lessons learned with industry networks and peers to advance collective understanding of responsible timber delivery
Tools and Guidance
Principles included in this strategy
- Promoting a timber building bioeconomy