By Gabriel Estrada and Erick González 1. Key Takeaways 1. Climate risk is no longer a future risk for Latin America. It is the present. The region lost an estimated US$19.2 billion to extreme weather in 2024 alone, with less than 5% insured. 2. The ecosystem has matured significantly, now spanning five verticals, with Climate Risk Solutions introduced as a standalone category for the first time. 3. AI and biotechnology have emerged as the twin backbones of Latin American clim