The insurance sector continues to bear the brunt of climate change, with 2023 marking the fourth consecutive year of natural catastrophe-related losses surpassing the $100 billion threshold. According to a comprehensive analysis by Swiss Re, these losses are growing at a rate significantly outpacing the global economy over the past thirty years. This consistent uptrend in insured losses as a result of extreme weather events, such as wildfires, hurricanes, and floods, reflects the escalating challenge climate change presents to the financial stability of the insurance industry and underscores the pressing need for adaptive strategies.