This event will launch a new Charter to get ahead of disasters and work towards a secure future where the money spent on disasters is spent better with proactive risk management and financial preparedness. It will also underpin delivery of Early Warnings as one of the biggest obstacles preventing the conversion of early warnings is the lack of pre-arranged financial resources. Over 98% of crisis financing is still arranged after disasters strike, despite reliable science to predict them. Evidence suggests that twice as many vulnerable persons can be served at the same cost by deploying resources pre-disaster.