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Innovation Labs
Innovation labs are the heart of NATURANCE. They are places for experimental, disruptive innovation and deep-learning which bring together cross-disciplinary and -functional expertise to create new products or services.
In-Depth
Uncovering NbS Background
Nature-based Solutions are cost-effective and deliver multiple benefits, yet their true social value is rarely accounted for, leading to market distortions and under-protection. Nature-based insurance can fill this gap by recognizing the financial value of natural assets and incentivising their conservation.
NATURANCE unlocks the full potential of NbS by addressing challenges in financing, insurance, governance, investment, and equity. Through Innovation Labs, we engage NbS networks, local governments, insurers, researchers, and stakeholders to map and manage ecosystems at their true scale.
Growing Ideas
Innovation Labs are collaborative spaces designed to boost Nature-based insurance solutions. These labs bring together experts from different sectors to co-create climate adaptation financing pathways. By fostering experimentation, dialogue and cross-industry sharing, the format allows participants to challenge dominant and business-as-usual models and trigger societal transformation. A key success factor is ensuring all voices are heard and diverse knowledge is taken into account. The Innovation Labs follow good governance principles, promoting diversity, participation and high-quality decision-making.
Audiences
Environmental experts
(including ecologists, modeller and the research community more broadly)
Insurance professionals
(including risk managers, regulators, and financial institutions more broadly, such as banks and investors)
Nature-based Solutions promoters and developers
(businesses, landowners and property developers, non-governmental/not-for-profit organisations)
Authorities
(local, regional, national; including water boards, forest agencies) and policymakers
Exploring Labs
Between April 2023 and January 2026, NATURANCE conducted nine Innovation Labs covering three key areas of insurance. The underwriting pillar focuses on assessing, pricing, and managing risk, while the investment pillar addresses the management and allocation of assets to meet future liabilities. Finally, a sector-wide module provides an overview of the insurance industry as a whole. The main outcomes of the Labs are presented in the related sections.