The HKGFA Webinar on “Unlocking Adaptation Finance & Building Climate Resilience Through Insurance” was successfully concluded on 3 June 2025.

Key insights and takeaways：

– Urgent Need for Adaptation Investments: Rapidly rising sea levels necessitate immediate adaptation investments to mitigate significant losses from floods, fires, and storms, with 2024 seeing US$381 billion in net catastrophe losses, 57% uninsured.

– Economic Opportunities and Risks: Adaptation markets could yield up to US$4 trillion in revenues, but inaction may cost corporations over US$1 trillion annually, with Hong Kong developers showing gaps in physical risk recognition, risking financial write-downs.

– Innovative Insurance Solutions: Adaptation measures for buildings such as floodgates and water sensors have been proven to effectively reduce insurance premiums. Clear and transparent communication between real estate firms and insurers is essential, while risk reductions need to be quantified to translate into premium reductions.

– Call for Collective Action: Early action, government involvement, and collaboration across sectors are essential to address sea-level rise and climate risks, with insurers playing a key role in providing capital and incentivising quantifiable sustainability efforts.

We would like to express our heartfelt thank you to our speakers: Debra Tan (CWR), Dr Calvin Kwan (Link Asset Management), Jingwei Jia (Oliver Wyman), Edward Farrelly (Marsh Asia), Hannah Ng (MTR Corporation), Kannes Wong (Zurich Insurance)  on their valuable insights on how climate adaptation strategies can lead to investment and risk management opportunities.

🖥️ Watch the replay here: https://youtu.be/tN1mcD7oIkQ

🔗 Read the report on Sustainability-Linked Insurance: Rewarding Climate Risk Adaptation: https://www.hkgreenfinance.org/research-report/sustainability-linked-insurance-rewarding-climate-risk-adaptation/