UNDP’s Sustainable Insurance Forum (SIF), the Taskforce on Nature-related Financial Disclosures (TNFD), and KPMG have partnered to launch a new global programme, ‘NATURE-INSURE’, to strengthen supervisory responses to biodiversity risk.

Biodiversity loss and ecosystem degradation are quickly becoming significant issues for financial systems. NATURE-INSURE seeks to enhance supervisory abilities, encourage nature-aware oversight, and raise awareness of global biodiversity and sustainability objectives.

Sarah Nelson, Global Lead Director, Nature and Biodiversity, KPMG International, commented: “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.”

The NATURE-INSURE programme has been designed to equipped insurance supervisors to better understand and manage nature-related risks. The series explores how nature loss impacts insurance markets and presents practical tools such as the TNFD’s LEAP approach.

The program also showcases how supervisors and insurers are applying nature-related tools, data, and metrics in practical scenarios, covering subjects such as global disclosure frameworks and evolving supervisory methodologies worldwide.

Marcos Neto, UN Assistant Secretary-General and Director of UNDP’s Bureau for Policy and Programme Support, 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.”

Daniel Wang, SIF Chair and Executive Director for Insurance at the Monetary Authority of Singapore, added: “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.”

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