Insuring Climate Adaptation in Brazil and Latin America

Brazil saw some of the worst impacts of the climate crisis on its communities, infrastructure, biodiversity, and economy in 2024. Leading the G20 process this year and COP30 on the horizon, there is increasing pressure on the private financial sector in Brazil and the Latin American Region to mobilize resources to address climate risks and costs to both businesses and society. At COP29, we have the opportunity to mobilize the private financial sector in Brazil and in the Latin American Region to achieve the following objectives:

• To highlight current practices in the insurance and private finance sector that address climate adaptation.
• To position the insurance and finance sectors as leaders in regional and global climate adaptation and resilience building processes.
• To announce key partnerships that will advance the mobilization of the Brazilian and regional insurance sectors.