$10 Trillion of Insurance Needed to Cover Net Zero Transition

In the Financial Times, BCG’s Raphael Troitzsch outlines how the insurance sector can derisk—and therefore accelerate—a just, resilient climate transition. According to a new report from BCG and Howden, a global insurance intermediary group, at least $10 trillion of additional insurance coverage will be needed for the energy, road transport, and building sectors by 2030. This is a wake-up call about the essential role of insurance in the net zero transition.