Why Worry About Transition Risk? From the UK’s 10-point plan to boost the green economy to China’s plan to become carbon neutral by 2060, no matter where in the world you do business this transition will soon effect you. As we’ve seen, corporate leaders in the energy sector recognized the need to adapt a decade ago. Meanwhile, the pandemic has accelerated – even forced – digital transformation in many other industries, leading executives to take transition risks seriously for the first time. A major focus of our research is the interplay between broader economic transitions and the insurance sector. It has become clear that incumbents and tech-focused new entrants alike need better tools and techniques to understand transition risks. To propel the design of the right solutions or platforms, insurers should pay close attention to the firms beginning their transitions, and look to quantify best practices in the field as they emerge. 10