To explore how Australian insurers can de-risk and scale new climate and resilience solutions

Climate change is worsening extreme weather events, compounding the vulnerability of communities and financial systems. More frequent and intense disasters are widening the gap between those who can afford insurance in high-risk areas and those who cannot, with the people impacted often amongst the least wealthy. Disasters drove global economic losses of $275 billion in 2022, 54% of those losses were uninsured. Insurers have a unique role to play in seeding, de-risking and scaling innovative solutions that are required to address this challenge, by driving down emissions, bolstering community resilience and building climate risk data. Overseas markets offer critical lessons to accelerate solutions in Australia