Insuring Against Extreme Heat Navigating Risks in a Warming World 2025

Images: Getty Images Disclaimer This document is published by the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders. © 2025 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.Contents Foreword 3 Executive summary 4 1 Extreme heat risk landscape and the age of global boiling 5 2 The uninsurable world and the insurance protection gap 9 3 Innovative insurance products and partnerships 13 3.1 Parametric insurance 13 3.2 New tech for risk insights 15 3.3 Early warning systems 17 3.4 Heat action plans 17 3.5 Nature-based solutions 18 4 Call to action for the insurance industry and public sector 20 Conclusion 24 Contributors 25 Endnotes 27 Insuring Against Extreme Heat: Navigating Risks in a Warming World 2