In his closing remarks to the Insurance Development Forum (IDF) Summit, which was held on Monday 7 and Tuesday 8 June 2021, UN Secretary-General António Guterres told participants: “We are in a race against time to adapt to a rapidly changing climate. Today, we are at 1.2°C of warming and already witnessing unprecedented climate extremes and volatility on every continent.” Guterres told Summit attendees that there are three imperatives in addressing the climate crisis.