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llianz has officially begun an eight-year worldwide partnership with the International Olympic Committee (IOC) to provide insurance solutions and services to support the Olympic Movement.

The deal, which was first announced in September 2018, sees the global insurance company become the official worldwide Olympic and Paralympic insurance partner, after already working across Australia, China, France, and Spain to deliver health initiatives with each nation’s Olympic Committee, including delivering the Australian Olympic Committee’s Wellbeing Week.

IOC president, Thomas Bach, said with the deal officially commencing as of January 1, 2021, Allianz will now expand its engagement initiatives across the world to connect with athletes and fans.

“Having announced this new agreement in 2018, our teams have already been working together in key pilot markets to support athletes and the Olympic Movement,” Bach said.

“As we begin this new Olympic year, we are excited to begin in earnest our global collaboration with Allianz,” he said.

Allianz SE chief executive, Oliver Bäte, said the company will care and deliver for athletes around the world.

“Allianz is proud to be the worldwide insurance partner of the Olympic and Paralympic Movements,” Bäte said.

“As a supporter of the sports ecosystem and through the 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.

The partnership will officially cover every summer and winter Olympic and Paralympic Games up to and including the Olympic Games Los Angeles 2028.

International Paralympic Committee (IPC) president, Andrew Parsons, said: “Allianz brings global visibility to the athletes and values of the Paralympic Movement, and we look forward to our next phase working together.”