Climate risk is no longer theoretical. It is now actuarial.
Across global insurance markets, climate-linked losses are moving from “once-in-a-century” to recurring balance sheet events. In 2025 alone, natural disasters generated about $224 billion in losses globally, with insurers covering roughly $108 billion. This marks another year in which insured losses exceeded the $100 billion threshold.
For insurers, this is not abstract sustainability discourse. It is a pricing reality. And increasingly, ESG performance is becoming a proxy for ri
