In 2024, the IFRC-DREF made its first insurance payout of up to CHF15M to aid disaster relief for Super Typhoon Yagi.

In 2024, the International Federation of Red Cross and Red Crescent Societies' Disaster Response Emergency Fund (IFRC-DREF) triggered its first insurance payout due to high disaster relief demands, exceeding a set threshold. The payout, up to CHF15 million, was initiated by allocations for responding to Super Typhoon Yagi in Asia. The IFRC-DREF provides immediate funding for emergencies and aims to expand its insurance coverage to include epidemics and anticipatory actions.

November 21, 2024
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