The International Olympic Committee (IOC) has extended its partnership with global insurance brand Allianz, signing a four-year deal that will take the partnership through 2032.
As the IOC’s Worldwide Insurance Partner, Allianz will support the Olympic and Paralympic circuits, including the 2030 French Alps Olympic and Paralympic Winter Games and the 2032 Brisbane Olympic and Paralympic Games.
Allianz will continue to support a smooth and secure delivery of the Games by ‘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 resulted in Allianz launching a medical assistance programme for the athletes, staff, volunteers, and members, while also providing ticket cancellation insurance for fans and delivering property and liability coverage for several sports venues.
Thomas Bach, IOC President, 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, Allianz CEO, 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, IPC President, 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.‘
Jirí 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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