IFRC-DREF

IFRC Disaster Relief Emergency Funding
IFRC Disaster Relief Emergency Funding (DREF)

Accelerating Aid to Communities in Need

When disaster strikes, the IFRC-DREF provides vital, immediate funding for National Red Cross and Red Crescent Societies.

As the intensity and frequency of natural disasters increase around the world, affected communities can face lengthy delays in accessing response funds — especially toward the end of the year.
Key Takeaways
  1. Aon worked with the IFRC-DREF to create a first-of-its-kind insurance policy for the aid sector to provide more immediate funding when disaster strikes the world’s poorest areas.
  2. Innovative finance solutions that leverage the power of the private sector can help already-stretched public and donor contributions go further.
  3. In September 2024, the world was hit by so many floods and landslides that the insurance policy was triggered, resulting in the aid sector’s first-ever multi-disaster insurance payout.
A Creative Solution

By working with the IFRC, the insurance policy unlocked additional funds — bringing faster relief to communities across the globe.

  • 1.5M

    The policy has reached 1.5 million disaster victims in the poorest countries, including those in flood-hit Nigeria and those displaced by a Nepal landslide.

  • 15M

    In 2024, demands up to CHF 15 million from the IFRC-DREF are covered by the insurance policy.

Discover The IFRC Disaster Relief Emergency Funding (DREF) Report

In a first for the humanitarian sector, this indemnity insurance policy is an innovative approach to financing costs of climate risk.

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