The global climate change framework to be drafted in December 2009 in Copenhagen could give insurance a formal role in international efforts to confront increasing threats related to drought, flooding and growing storms. The creation of a global insurance pool to protect billions of people from these natural and man-made disasters has been proposed by a coalition of researchers, insurers and scientists founded by Munich Re. The first tier of the two-tiered insurance program proposed by the Munich Climate Insurance Initiative would indemnify developing country property and infrastructure against low-frequency, high consequence climate related events. The second tier of the program would not provide direct insurance to farmers, households or governments but would offer support to growing disaster insurance systems in developing nations.