UNDP’s Sustainable Insurance Forum (SIF), the Taskforce on Nature-related Financial Disclosures (TNFD), and KPMG have launched a new global program, NATURE-INSURE, intended to equip insurance supervisors with the tools and knowledge to address nature-related financial risks.
Biodiversity loss and ecosystem degradation are rapidly emerging as material concerns for financial systems. NATURE-INSURE aims to enhance supervisory capabilities, promote nature-conscious oversight, and create greater awareness of global biodiversity and sustainability goals.
“The financial sector, and especially insurance, must be equipped to recognise and act on the material risks and opportunities tied to nature,” said Marcos Neto, UN Assistant Secretary-General and Director of UNDP’s Bureau for Policy and Program Support. “Through this initiative, we’re empowering supervisors to guide the sector toward long-term sustainability, in alignment with the Global Biodiversity Framework and the SDGs.”
The NATURE-INSURE program explores how nature loss impacts insurance markets, introduces practical tools such as the TNFD’s LEAP approach, and highlights how supervisors and insurers are applying nature tools, data and metrics in real-world settings. Topics include global disclosure frameworks and emerging supervisory practices from around the world.
“As biodiversity loss accelerates, insurance supervisors face more complex risks and new opportunities,” said Sarah Nelson, Global Lead Director, Nature and Biodiversity, KPMG International. “By furthering their understanding of nature-related risks, NATURE-INSURE aims to support more resilient insurance systems and nature-positive investment strategies.”
