Nature-based solutions (NBS) can act as risk redistribution elements within risk management strategies in which insurances play an important role. The (re)insurance industry has been developing its own catastrophe models since the late 1980s for monitoring the ongoing challenge of climate change for decades. The integration of preventive measures, like concrete dikes, into those models is partially effective. But the complex effect of NBS, as preventive measures, on hazard reduction is a scientific challenge and in its infancy. Nevertheless, the (re)insurance industry has started assessing nature-based solutions’ effectiveness (as preventive measures) in reducing risks and their co-benefits. NBS could secure long-term affordability of climate risks insurance schemes in a changing climate.