Allianz has prolonged its partnership with the Worldwide Olympic Committee (IOC) because the official worldwide insurance coverage associate till 2032.
This extension contains the Olympic and Paralympic Winter Video games within the French Alps in 2030 and the Olympic and Paralympic Video games in Brisbane in 2032.
The German insurer will proceed to handle dangers and protection for organisers, contributors and spectators, whereas additionally providing mentoring for athletes.
The 2030 and 2032 Video games are set to happen in France and Australia, two of Allianz’s core markets, which collectively contributed greater than 10% of the corporate’s working revenue in 2024.
Since turning into the associate to the Olympic Motion in 2021, Allianz has supported the preparation and supply of the Paris 2024, Milano Cortina 2026 and Los Angeles 2028 Video games.
Moreover, Allianz has been a associate to the Worldwide Paralympic Committee (IPC) since 2006 and have become a “worldwide paralympic associate” in 2021.
Throughout the Olympic and Paralympic Video games in Paris in 2024, Allianz offered insurance coverage protection and help for athletes and launched campaigns in additional than 60 markets globally.
The corporate applied a medical help programme for 155,000 athletes, workers and volunteers, and provided ticket cancellation insurance coverage, property and legal responsibility protection for quite a few sports activities venues.
Allianz CEO Oliver Bäte mentioned: “We additionally noticed very optimistic advantages for our enterprise and the Allianz model. We’re subsequently delighted – notably in opposition to the backdrop of an more and more divided world – to increase this profitable partnership by 2032 and proceed our help for the unifying spirit of the Olympic and Paralympic actions.”
IOC president Thomas Bach mentioned: “We’re delighted that following the success of the Olympic Video games Paris 2024, we’ll prolong our partnership with Allianz for an additional 4 years. Allianz is a world chief in its business and believes within the Olympic imaginative and prescient of constructing a greater world by sport, and helps our dedication to athletes all over the world.”
Allianz reported a web revenue attributable to shareholders of €2.4bn ($2.61bn) for the fourth quarter of 2024, a 14.9% enhance from €2.1bn in the identical quarter of the earlier yr.
