![](https://assets.weforum.org/article/image/UCVxmjWwMx76uMZPvBILG97wO8KaEh3AEC2hsMekCWo.jpg)
This new insurance model could transform disaster response funding
A new disaster response model backed by insurance policy aims to shore up funding whenever the world is affected by multiple disasters within one year.
The International Committee of the Red Cross (ICRC) is an impartial, neutral and independent organization whose exclusively humanitarian mission is to protect the lives and dignity of victims of armed conflict and other situations of violence and to provide them with assistance. The ICRC also endeavours to prevent suffering by promoting and strengthening humanitarian law and universal humanitarian principles. Established in 1863, the ICRC is at the origin of the Geneva Conventions and the International Red Cross and Red Crescent Movement.