This talk examines how global catastrophe and climate risks are financed and managed through the insurance, reinsurance, and insurance-linked securities (ILS) markets. Dr. Park will outline key natural perils driving losses, discuss how climate change is reshaping their frequency and severity, and highlight the role of ILS in channeling investor capital toward disaster resilience. Using examples such as hurricane risk and renewable energy revenue protection,  Dr. Park will illustrate how financial instruments adapt to emerging climate risks. The discussion concludes with reflections on the uncertainties of climate impacts and the need for fundamental shifts in how society manages and mitigates catastrophe risk.