Windows now wants me to reinstall out of the blue

Windows update wants to reinstall Windows 11 on my perfectly working laptop (Latitude with 1145G7) apparently to "repair system files and components". It now refuses to install updates and reinstall seems to be the only option left in the UI.

Everything I use works perfectly fine. And, reinstalling is completely out of the question - I have 0% interest in losing all the work done to set up, configure, software licenses, and reign in "typical user" defaults in windows across group policies, registry etc. 

Is there a way to continue receiving updates / repair without reinstalling?

At this point, if there is no way to remove this and get updates, I'd rather move to another OS than do this all again on windows.