Premiums for the Planet is an Impact Entrepreneur nominee for the 2025 Earthshot Prize.

Insurance firms today find themselves between a rock and a hard place. Despite controlling an estimated $40 trillion in assets globally and generating $7 trillion in premiums each year, insurers’ ability to pay out on claims – and still offer reasonable premiums to customers – is increasingly at threat due to climate change and the increased intensity of hurricanes, wildfires and floods.

Brad Stevenson