In V20 economies, MSMEs are vital to economic growth but are highly vulnerable to climate change and natural disasters. They face challenges such as high operational costs, limited access to financing, and low adaptive capacity, which hinder their resilience and growth. Low-carbon technologies and insurance could help MSMEs reduce operational costs and improve productivity, but financing options and insurance coverage remain limited. Few projects focus on climate-smart insurance for MSMEs, leaving them at risk of financial shocks and undermining their ability to invest in resilience and energy efficiency.