A new global programme 'NATURE-INSURE' to strengthen supervisory responses to biodiversity risk has been launched by UNDP's Sustainable Insurance Forum (SIF), the Taskforce on Nature-related Financial Disclosures (TNFD) and global consultancy firm KPMG.
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.
A press release by KPMG said this capacity building initiative is intended to equip insurance supervisors with the tools and knowledge so they can contribute to efforts to address nature-related financial risks.
The NATURE-INSURE programme series 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.
UNDP Bureau for Policy and Programme Support director and UN assistant secretary general Marcos Neto said, “The NATURE-INSURE programme couldn’t be more timely. The financial sector, and especially insurance, must be equipped to recognise and act on the material risks and opportunities tied to nature. 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.”
Monetary Authority of Singapore ED insurance and SIF Chair Daniel Wang said, “NATURE-INSURE reflects SIF’s commitment to advancing supervisory readiness in the face of complex environmental challenges. This programme will foster shared learning, create greater awareness about international biodiversity and sustainability goals, and support the management of nature-related risks in insurance supervision.”
TNFD director market engagement Candice Dott said, “Embedding nature in financial decision-making starts with awareness and capacity building. NATURE-INSURE will help supervisors navigate the evolving reporting landscape, apply TNFD’s LEAP approach, and drive impact across the insurance value chain.”
As biodiversity loss accelerates, insurance supervisors face more complex risks and new opportunities. By furthering their understanding of nature-related risks, NATURE-INSURE aims to support more resilient insurance systems and nature-positive investment strategies.