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Allianz started its eight-year partnership after the Tokyo 2020 Olympic and Paralympic Games, first covering Beijing 2022. This deal is set to encompass the Paris 2024, Milan Cortina 2026 and Los Angeles 2028 Games too. The agreement was confirmed in 2018, but did not come into force until 2021, after the Tokyo 2020 Olympic cycle. It follows on from Allianz’s partnership with the International Paralympic Committee, which dates back to 2006. Allianz became the IPC’s first international partner in 2011.

Amid the COVID-19 pandemic, the company reports that it took a hit of €1.3 billion (£1.08 billion/$1.41 billion) during 2020.