Mass timber use an emerging risk for the global construction sector

April 11, 2024

Demand for mass timber, a sustainable construction alternative, has grown steadily over the past several years. However, a new trend is driving risks for the construction sector: mass timber being used for taller buildings, not just residential structures.

According to one expert, this shift is observed in Europe, Asia, and North America. Michael Bruch (pictured), global head of Risk Advisory Services at Allianz Commercial, noted that the increasing adoption of mass timber for higher-rise construction indicates a broader acceptance of the material beyond traditional low-rise buildings.

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