Ottawa, Ontario – September 17, 2024 — The Canadian Wood Council (CWC) and Woodsure (A division of Axis Insurance Managers Inc.) are pleased to announce a new partnership between their WoodWorks and Woodsure programs respectively. This strategic collaboration is expected to help support the increased adoption of wood construction in Canada.
The positive influences of design innovation, advanced materials, new building codes, and the evolving priorities of society are driving change in the construction sector; in particular, these influences are driving the expanded use of advanced wood construction.
However, as with the adoption of any new technology, perceived unknowns can create barriers that need to be to overcome. One such barrier is access to insurance for this new class of technologically advanced wood buildings.
This partnership aims to empower architects, builders, and developers to choose wood with confidence, knowing they have access to robust insurance solutions that understand the complexities of wood construction. Together, we can significantly enhance the acceptance, safety, and growth of mass timber construction, recognizing it as a strategically preferred material for sustainable building practices.
Statements from Key Stakeholders
Rick Jeffery, President & CEO, Canadian Wood Council:
“We are thrilled to welcome Woodsure as a partner of our WoodWorks program. This collaboration is a natural extension of our mutual commitment to supporting wood construction, fostering growth of the wood construction sector, and encouraging increased adoption of sustainable building practices. By combining our efforts, we are confident that this partnership will have a positive impact on the industry.”
Roland Waldmeier, National Senior Vice President, Construction, Contracting, and Real Estate, Axis Insurance Managers Inc.
“We believe that insurance should not only keep pace with, but also actively support, the mass timber and wood frame industries. These sectors are vital to both social and economic objectives in Canada. Therefore, it is important for us to continually develop innovative insurance solutions that foster growth in the Canadian wood industry. By providing the necessary capacity, we make it easier for projects to secure the coverage they need.”
Connie Rowley, Senior Vice President, Woodsure:
“Supporting the mass timber industry with specialized insurance products is crucial for accelerating the adoption of wood construction. By offering tailored insurance solutions, insurers can provide the necessary capacity and confidence for developers to invest in mass timber projects. This support not only mitigates financial risks, but also fosters innovation and sustainability in construction. Enhanced insurance products can address concerns related to fire safety, structural integrity, and long term reliability, thereby reassuring stakeholders and encouraging broader acceptance of this eco-friendly building material. Consequently, this leads to a more sustainable construction industry and helps in reducing the carbon footprint.”
