Recently, in circumstantial situation it is recommended positively to utilize of EIFS(Exterior Insulating and Finishing System) as energy policy for economizing energy. But internal EPS insulators of EIFS are exterior panel of high fire risk, because of constituting of flammable materials to be fragile in fire. In this study, fire risk is assessed by experiment Con Calorimeter test and SBI(Single Burning Item) test. As the result of experiment, Con Calorimeter tests do not reach to capability standard of internal incombustible grade, and are assessed as low grade in SBI incombustible grade. Because EIPS is exterior material in buildings with high fire risk in spite of good efficiency, it is required rapidly to take measures to meet situation through various studies(for instance, adjusting law regulation, etc.) in the future.