Nature risk moves up the insurance agenda

Experts across the market insist nature risk is reshaping underwriting, with new products and collaborative structures emerging to address risks too complex for any single carrier

FOR every $1 invested in protecting or restoring nature, $30 is spent on activities that degrade it. That ratio, drawn from UNEP’s State of Finance for Nature 2026 report, published earlier this year, captures the central tension facing insurers as nature-related risk increasingly moves from the margins of sustainability to becoming a more central underwriting factor.