Using insurance is a step away from crisis towards risk management, and it strengthens socio-economic resilience under a changing climate. However, it is only one of the available disaster-risk financing mechanisms. It thus needs to be considered within a broader fiscal framework that also includes international assistance, catastrophe debt draw-downs, and other financial securities, disaster reserves and budgets. Furthermore, insurance and other disaster risk financing mechanisms are only part of the solution: they need to be integrated into other resilience and adaptation mea-sures as part of a comprehensive climate adaptation strategy. In this report, the authors make recommendations to maximize the benefits of insurance for climate adaptation.