The starting gun has fired on Allianz becoming the worldwide insurance partner of the Olympic and Paralympic movements.
The deal is set to run from 2021-2028 with Allianz launching a host of initiatives designed to bring together teams, athletes, volunteers and fans across 200 countries.
The collaboration was first announced back in 2018, and now Oliver Bäte, chief executive officer of Allianz SE, has expressed his delight at things getting officially underway.
“As a supporter of the sports ecosystem and through shared core values of excellence, friendship, inclusion and respect, Allianz and our 148,000 employees and 100,000 agents are excited to care and deliver for athletes, their families and their ambitions,” he said.
Meanwhile, IOC president Thomas Bach noted that the teams have already been working together in key pilot markets.
“As we start this new Olympic year, we are excited to begin in earnest our global collaboration with Allianz,” he said.
“Allianz brings global visibility to the athletes and values of the Paralympic Movement and we look forward to our next phase working together,” added IPC president Andrew Parsons.