The IPCC's latest report under the Sixth Assessment Cycle (AR6) highlights the growing impact of human-induced climate change on vulnerability, particularly for marginalized populations. It emphasizes the increasing frequency and severity of climate-related disasters and the significant financial losses they cause. While global efforts to reduce greenhouse gases remain crucial, the report stresses the need for enhanced financial protection and resilience through improved global and regional risk finance and insurance systems. Transforming these systems is essential to support vulnerable populations facing climate change's devastating consequences.