{"id":120128,"date":"2023-01-17T13:53:34","date_gmt":"2023-01-17T13:53:34","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=120128"},"modified":"2023-01-17T13:53:34","modified_gmt":"2023-01-17T13:53:34","slug":"asbp-awarded-e97000-to-create-mass-timber-insurance-playbook","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/mmc-news\/asbp-awarded-e97000-to-create-mass-timber-insurance-playbook\/120128\/","title":{"rendered":"ASBP awarded \u20ac97,000 to create Mass Timber Insurance Playbook"},"content":{"rendered":"

UK-based Alliance for Sustainable Building Products (ASBP) has been awarded a \u20ac97,000 Accelerator Fund from Built by Nature, a grant-making organisation with a mission to accelerate the timber building transformation in Europe<\/h2>\n

The ASBP<\/a> will use the grant to create an industry-accepted Playbook for developers, investors, and designers. Co-funding of \u20ac17,400 and in-kind expertise are provided by global insurance broker Marsh, and Zurich Resilience Solutions, part of Zurich Insurance Group.<\/p>\n

The objective of the Mass Timber Insurance Playbook<\/a> is to facilitate and streamline obtaining insurance for construction and ongoing occupation of mass timber buildings.<\/p>\n

Securing insurance for mass timber buildings<\/h3>\n

Amanda Sturgeon, Built by Nature CEO, commented: \u201cThis grant supports the development of a clear solution to a key barrier, and brings together experts in the field with extensive knowledge of the fundamental risk factors involved along with the insights of the commercial interests underpinning the demand for mass timber.<\/p>\n

“This important project exhibits considerable credibility, with buy-in from influential players in the industry and from RIBA, while being led by key members of the UK Built by Nature network.<\/p>\n

“Built by Nature is also optimistic about the adaptability and applicability of the guide to other jurisdictions, and we\u2019re confident that our pan-European network will find relevance and value in this Playbook\u2019s compilation of practical steps toward securing insurance for mass timber buildings.\u201d<\/p>\n

The Playbook will be a relevant and practical resource to help overcome industry challenges<\/h3>\n

Extensive industry research has identified the difficulties of insuring timber buildings. The Mass Timber Insurance Playbook aims to be a relevant and practical resource to help overcome these challenges, with the early-stage engagement of all parties a key element of success in the design and planning processes.<\/p>\n

The development of the Playbook will be overseen by\u00a0the founder of Mass Timber Risk Consulting Ltd, Philip Callow, who has 19 years of experience as a construction insurance broker and underwriter, and Jim Glockling, previous Director at RISCAuthority.<\/p>\n

Philip Callow, founder of Mass Timber Risk Consulting Ltd, said: \u201cThis timely and important body of work brings together experts in the field of design, contracting, engineering, risk protection, insurance underwriting and broking, to create an equitable framework of insurability for the benefit of all parties.\u201d<\/p>\n

Glockling authored, in association with UK insurers, the widely circulated 2022 industry publication, which described the insurance challenges of mass timber construction. The ASBP will assume a project coordination and market engagement role.<\/p>\n

Jim Glockling added: “This initiative marks an important point in the acceptance of insurers\u2019 concerns and a recognition that words alone are not enough to ensure insurability.<\/p>\n

“Using well adopted resilience reasoning the guide will aim to introduce the currently missing balance between sustainability and resilience to fire and other insured perils including escape of water and flood.<\/p>\n

Enabling timber use without compromising overall building resilience<\/h3>\n

The Mass Timber Insurance Playbook will clearly identify how to engage insurers so that the correct questions are asked toward enabling timber use without compromising overall building resilience.<\/p>\n

The draft will be reviewed by insurers, developers, asset managers and fire engineers through four workshops, including Built by Nature\u2019s network in the UK. The Mass Timber Insurance Playbook will be set out over the design stages established by the Royal Institute of British Architects (RIBA), who have agreed to act as peer reviewers.<\/p>\n

Editorial input and review will also be provided by Marsh, along with developer Human Nature and specialist contractor Eurban, builders of the RIBA Stirling Prize shortlisted The New Library, Magdalene College.<\/p>\n

Construction and property consultants Gardiner & Theobald will also provide peer review and validation. The final Playbook will be disseminated through ASBP\u2019s and Built by Nature\u2019s networks and featured on the RIBA website.<\/p>\n

Unlocking the advantages of building with timber<\/h3>\n

Simon Corbey, director, Alliance for Sustainable Building Products, concluded: \u201cWe\u2019re really excited to be leading this project to help overcome the insurance challenges involved with mass timber construction and unlock the many advantages of building with timber, such as low embodied carbon, sequestering (or storing) carbon, speed of construction, reduced on site noise, dust and vehicle movement.<\/p>\n

“We have brought together a team of industry experts to write and review the Playbook, which will be widely and freely available from launch May next year.\u201d<\/p>\n

To keep up-to-date with the latest news and developments with the project, please sign up to the ASBP mailing list<\/a>.<\/strong><\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

UK-based Alliance for Sustainable Building Products (ASBP) has been awarded a \u20ac97,000 Accelerator Fund from Built by Nature, a grant-making organisation with a mission to accelerate the timber building transformation in Europe.<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[942],"tags":[172727,671,916,915],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-120128","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-mmc-news","7":"tag-featured","8":"tag-insurance","9":"tag-modern-methods-of-construction","10":"tag-timber"},"acf":[],"yoast_head":"\nASBP awarded \u20ac97,000 to create Mass Timber Insurance 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