A project has started in Iceland for creating an early warning database and an early warning information system, with the objective to be able to utilize all available knowledge about earthquakes or volcanic hazards to mitigate risks, if possible in advance of the event, but otherwise as soon as possible after the onset of the hazard. The basis of this project is on one hand the enormous new information which is available, based on research and multidisciplinary monitoring, and on the other hand modern information technology for communication among scientists and with the public and the authorities. This project is supported by the Iceland Science Foundation. It is lead by IMOR.DG with participation of specialists on information technology from the University of Iceland and a private company.