How was International Committee of the Red Cross awarded the Nobel Prize Peace?

Name: Institute of International Law.
Founded: 17 February 1863.
Headquarters: Geneva, Switzerland.
Type: International NGO.
Purpose: Protecting victims of conflicts and providing them with assistance.
Coordinates: 46.2274°N 6.1373°E.
President: Mirjana Spoljaric Egger.
Vice President: Gilles Carbonnier.
Noble Prize Year: Nobel Prize for Peace in 1910, for the efforts to take care of wounded soldiers and prisoners of war and their families.