We are in the middle of a global mass extinction event (1
). In addition to heightened risks related to food security, disease, natural disasters, air and water quality, and nonmaterial aspects of life (1
), loss of biodiversity also threatens the livelihoods of billions of people and creates risks to the economy. The World Economic Forum estimated that over half of global gross domestic product ($44 trillion) is highly or moderately dependent on nature (2
). Some of these risks are then transmitted to financial and insurance markets (3
). Addressing all these risks has been articulated in the “nature-positive” goal of halting and reversing nature loss globally by 2030. Achieving this goal will require profound changes in the relationship between nature, economies, and social and governing institutions. As leading risk managers, the insurance sector, which is not typically engaged widely on nature issues, has multiple tools to help mainstream the transition.