The latest report from the PSI Working Group for Nature is the second in the “Nature Uncovered for Insurers” series, which translates conceptual frameworks into practical steps for nature-related assessments within the global insurance industry.
Building on Rooted in Risk: Framing nature-related assessments for insurers, Breaking Ground offers early, practice-oriented insights on how insurers can begin undertaking nature-related dependency, impact, risk and opportunity (DIRO) assessments. Drawing on the experiences of insurers worldwide, the report outlines practical considerations, use cases and examples of how to apply the Taskforce on Nature-related Financial Disclosures (TNFD) LEAP approach to insurance underwriting portfolios.
This publication supports insurers in moving from framework to practice—helping them translate conceptual understanding into actionable assessments, inform corporate disclosures and strengthen strategic responses aligned with a nature-positive and resilient future.
It consolidates insights from PSI members and partners, highlighting evolving approaches across the industry and identifying areas where further technical development is needed. The report provides guidance for insurance companies at different stages of their “nature journey”—from those beginning to understand exposures to those integrating nature considerations into risk management and underwriting framework.
The report is designed for insurance companies seeking to operationalize nature-related assessments within their underwriting portfolios, as well as for organizations supporting them in this process.
About the PSI Working Group for Nature
The PSI Working Group for Nature (WGN) was established in May 2024. The working group is a multistakeholder platform involving insurers, reinsurers, brokers, nature finance initiatives, environmental organizations, academic institutions, insurance regulators and supervisors, and insurance associations, among others.
The working group aims to support the industry and key stakeholders in advancing risk management, underwriting and insurance strategies, approaches, practices, products, services and solutions that address nature-related dependencies, impacts, risks and opportunities (DIROs) in order to contribute to achieving the mission of the Kunming-Montreal Global Biodiversity Framework (GBF) to halt and reverse nature loss by 2030, and its vision of a world living in harmony with nature by 2050. It gathers emerging practices and guides on methods available to support individual organizations in their own sustainable strategic design and development.