The paper explains how climate change is reshaping the insurance industry through increased frequency and severity of natural disasters, rising losses, and growing uncertainty. Traditional risk assessment and pricing approaches are no longer sufficient, creating higher stakes for insurers trying to remain profitable and competitive. The content explores how insurers are reacting, highlights a widening disconnect between insurers and policyholders, and emphasizes the need for better technology. Modern data, analytics, and digital tools are positioned as critical enablers for improving climate risk modeling, pricing, and portfolio management. By building stronger technological capabilities, insurers can adapt more effectively to climate‑driven volatility and make informed, forward‑looking de

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