The world's first volcano catastrophe bond, sponsored by the Danish Red Cross, was launched in March 2021. The bond uses a paramteric trigger to offer up to $3 million from investors to provide humanitarian support following an erruption.

The rise of COVID-19 has further exposed the fragility of the current humanitarian system. Simply put, traditional funding alone is not sufficient to address the number and scale of prolonged emergencies that the world is facing.

The Global Humanitarian Overview is published annually by the UN Office for the Coordination of Humanitarian Affairs (OCHA).

The International Centre for Humanitarian Finance (iCHF) concept was conceived from the Ditchley Park Initiative Still too important to fail - addressing the humanitarian financing gap to act as an incubator, catalyst, and potential seed funder in the humanitarian finance sector.