Principles for Responsible Timber Construction Implementation Framework logo

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

Phase 2 Strategy 2.2 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.

Principles included in this strategy
  • Extending the life of existing buildings
  • Maximising the carbon storage potential of wood

Phase 3 Strategy 3.2 Insurers

Develop risk models that recognise resilience benefits from prefabricated and responsibly sourced timber

Principles included in this strategy
  • Accounting for Whole Life Cycle

Phase 3 Strategy 3.2 Insurers

Informing the future. Monitor timber safety, durability performance, on-site practices and material handling to improve future risk modelling for timber projects

Principles included in this strategy
  • Accounting for Whole Life Cycle

Phase 4 Strategy 4.2 Insurers

Adjust premiums based on carbon reduction, durability, and safety performance of timber systems to reflect actual risk

Principles included in this strategy
  • Accounting for Whole Life Cycle

Phase 5 Strategy 5.3 Insurers

Participate in industry-wide benchmarking or open-source databases for timber performance

Principles included in this strategy
  • Promoting a timber building bioeconomy

Phase 5 Strategy 5.3 Insurers

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

Principles included in this strategy
  • Promoting a timber building bioeconomy