Long-term deal announced
The International Olympic Committee (IOC) has extended their partnership with global insurance brand Allianz, signing a new four-year partnership until the end of 2032 for their Worldwide Olympic and Paralympic (TOP) Partnership. Allianz will continue on as the Worldwide Insurance Partner and support the Olympic and Paralympic circuit including the Olympic and Paralympic Winter Games French Alps 2030 and the Olympic and Paralympic Games Brisbane 2032.
Allianz will continue to support a smooth and secure delivery of the Games ‘protecting athletes, fans and the many actors of the sports ecosystem from start to finish often through “intangible” solutions and services across 15 lines of business.’ The partnership has also seen the launch of Allianz launching a medical assistance programme for the athletes, staff, volunteers and members and also provided ticket cancellation insurance for fans, and delivered property and liability coverage for many sports venues.
Thomas Bach, President, IOC, said,
“We are delighted that, following the success of the Olympic Games Paris 2024, we will extend our partnership with Allianz for another four years. Allianz is a world leader in its industry and believes in the Olympic vision of building a better world through sport, and supports our commitment to athletes around the world.”
Oliver Bäte, CEO, Allianz, added,
“The Olympic and Paralympic Games Paris 2024 inspired the world as well as our employees, customers and business partners, elevating and uniting people through sport. We also saw very positive benefits for our business and the Allianz brand. We are therefore delighted – particularly against the backdrop of an increasingly divided world – to extend this successful partnership through to 2032 and continue our support for the unifying spirit of the Olympic and Paralympic Movements.”
Andrew Parsons, President, IPC, said,
“Allianz’s journey with the IPC began in 2006, and our partnership and joint passion for making the world a better place has grown stronger each and every day, having a tremendous impact across the Paralympic Movement. We are greatly looking forward to our partnership with Allianz surpassing a quarter of a century, with the extension of this agreement through to 2032. It gives us even more confidence in what we can achieve together in the future to make for a more inclusive world through Para sport.”
Ji?í Kejval, Chair of the IOC’s Revenues and Commercial Partnerships Commission, stated,
“Allianz is a great supporter of the Olympic and Paralympic Movements. The company has built a world-leading business founded on trust, which underlines the importance of the trust and commitment Allianz has placed in our partnership. We are very proud to be working together with Allianz until 2032.”
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