Innovation Labs are collaborative spaces designed to boost Nature-based insurance solutions. These labs bring together experts from different sectors to co-create climate adaptation financing pathways. By fostering experimentation, dialogue and cross-industry sharing,  the format allows participants to challenge dominant and business-as-usual models and trigger societal transformation. A key success factor is ensuring all voices are heard and diverse knowledge is taken into account. The Nature Labs follow good governance principles, promoting diversity, participation and high-quality decision-making.