The fire resistance of building assemblies can be determined through testing or by numerical modelling. As testing of building assemblies is expensive and time-consuming, the development of numerical modelling methods is gaining momentum. One of the challenges in modelling assemblies’ thermal performance is insulation dimensional shrinkage at elevated temperatures. To address this challenge, this paper presents a comprehensive experimental investigation into the shrinkage of glass and mineral fibre insulation materials under elevated temperature conditions. Initially, a series of tests was conducted to establish the temperature range within which significant shrinkage occurs for both types of insulation. Then, visual observations and measurements were recorded to assess the physical and dimensional changes of the insulation materials within the identified temperature range for shrinkage, indicating distinct responses of glass and mineral fibre insulation to thermal exposure. Compared to width and length variations, thickness reduction in insulation was more significant. Overall, the insulation thickness decreased as the exposed temperature increased. The glass fibre insulation completely melted at 710°C, while mineral fibre insulation disintegrated at 1000°C. In addition, empirical equations were derived to assess the thickness variations of these insulations at elevated temperatures, which can greatly enhance the accuracy of future thermal models under fire scenarios. Lastly, potential areas for future research are identified.