Innovation Labs (ILs) are collaborative spaces that allow participants to challenge dominant or business-as-usual approaches through experimentation and social learning.ILs can vary in format but they typically consist of a series of workshops, conducted over 6 to 9 months. The process follows design thinking, starting with the observation of the status quo and followed by the exploration of innovative solutions. Participants develop a business case, which describes the proposed innovation and the strategy for its implementation. The results are reported in the scorecard summary, and shared with relevant stakeholders in the form of the final report.As part of the second round of Innovation Labs under the NATURANCE project, a series of workshops explored how insurance can support investment in nature-based solutions (NbS) and address climate-related financial challenges. These Labs, hosted by Cambridge Institute for Sustainability Leadership (CISL), Willis Towers Watson (WTW), and Fondazione Centro Euro-Mediterraneo sui Cambiamenti Climatici (CMCC), identified regulatory, financial, and operational barriers while fostering cross-sectoral collaboration to develop innovative insurance solutions for climate resilience.