Richmond, Virginia, June 27, 2023 – Allianz Partners USA, a leader in travel protection and consumer specialty insurance, has experienced a 30% average annual increase in the number of runners opting to protect their race with Allianz Partners’ Event Registration ProtectorSM.
Based on this trajectory, the company expects to insure more than 130,000 runners in 2023, a 30% increase over 2022 and an almost 100% increase over 2021. The total dollar amount that runners have been insuring has been increasing by an annual average rate of 25%.
To help both runners and event organizers, Allianz Partners offers runners Event Registration ProtectorSM, which can help provide both peace of mind for runners and protection against lost registration fees when participants can’t run for a reason covered under their plan. Race registration protection is available to runners at top competitions around the country and was recently available at the 45th running of the Allianz Partners Richmond Marathon, held on November 12, 2022 in Richmond, VA. Thousands of runners and spectators came out for the historic race dubbed “America’s Friendliest Marathon.”
Event Registration ProtectorSM can reimburse registrants up to 100 percent of pre-paid non-refundable registration expenses if a racer cannot attend for a number of covered reasons, such as covered injury/illness (of the racer or a family member), job loss, transportation delays, military/family/legal obligations, and more, depending on their plan.* The plans also include 24/7 assistance services, which can offer racers help with race-related problems or questions when things don’t go quite as planned.
Looking to build on their running-industry partnerships, Allianz Partners became a “Foundation” member of Running USA, the highest-level sponsorship available. Foundation status allows Allianz Partners to connect with Running USA event sponsors and participants on a wide range of topics from news, thought leadership, sponsorships, innovation, as well as information about the company’s products and working with them.
“Runners have been steadily adopting Event Registration Protector as their go-to hedge against losing their registration fee due to a covered reason, such as an unexpected illness or injury,” said Chris Garlock, vice president of marketing at Allianz Partners USA. “Event Registration Protector provides runners with coverage for their race registration fees when they can’t race due to a reason covered by their policy. Race organizers appreciate the fact that racers have access to refunds when they can’t race due to a covered situation. We find that providing timely refunds in the event of a covered cancellation leads to better runner satisfaction and event loyalty.”
Since its launch in 2012, Event Registration ProtectorSM has protected over 450,000 runners and covered more than $4 million in registration costs. In addition to further building relationships with racers and race organizers alike, Allianz Partners is proud to support Running USA and its members to help the industry to continue to thrive.
Press contacts
FINN Partners
Robin Magrisi / Robin.Magrisi@finnpartners.com
Megan Derks / Megan.Derks@finnpartners.com
About Allianz Partners
In the United States, Allianz Partners USA (AGA Service Company) offers Allianz Travel-branded travel protection plans and serves millions of customers each year. In addition to travel protection, the company offers event ticket protection, registration protection for endurance events and unique travel assistance services such as international medical assistance and concierge services. AGA Service Company is doing business as Allianz Global Assistance Insurance Agency in California (License # 0B01400) and Massachusetts. Allianz Partners USA is part of the Allianz Partners group. Allianz Partners is a world leader in B2B2C insurance and assistance, offering global solutions that span international health and life, travel insurance, mobility and assistance. Customer driven, our innovative experts are redefining insurance services by delivering future-ready, high-tech, high-touch products and solutions that go beyond traditional insurance. Present in over 75 countries, our 19,400 employees speak 70 languages, handle over 58 million cases each year, and are motivated to go the extra mile to offer peace of mind to our customers around the world.
*For Allianz Partners USA products offered and sold in the U.S.: Terms, conditions, and exclusions apply to all plans. Plans are available only to U.S. residents. Not all plans are available in all jurisdictions. Availability of coverage, including the epidemic-related benefits and covered reasons described here, varies by product and by state. Products may not include all benefits or covered reasons described here. All benefits are subject to maximum limits of liability, which may in some cases be subject to sublimits and daily maximums. Benefits and limits vary by plan. For a complete description of the benefits and benefit limits offered under your specific plan, carefully review your plan’s Letter of Confirmation/Declarations and Certificate of Insurance/Policy. Insurance coverage is underwritten by BCS Insurance Company (OH, Administrative Office: Oakbrook Terrace, IL), rated “A” (Excellent) by A.M. Best Co., under BCS Form No. 52.201 series or 52.401 series, or Jefferson Insurance Company (NY, Administrative Office: Richmond, VA), rated “A+” (Superior) by A.M. Best Co., under Jefferson Form No. 101‐C series or 101‐P series, depending on state of residence. A+ (Superior) and A (Excellent) are the 2nd and 3rd highest, respectively, of A.M. Best’s 13 Financial Strength Ratings. Except as otherwise specified, AGA Service Company d/b/a Allianz Global Assistance is the licensed producer and administrator of Allianz Travel-branded travel protection plans in the U.S. and an affiliate of Jefferson Insurance Company. Allianz Global Assistance is a mark of AGA Service Company or its affiliates. The insured shall not receive any special benefit or advantage due to the affiliation between Allianz Global Assistance and Jefferson Insurance Company. Plans include insurance and assistance services. Noninsurance benefits/products are provided and serviced by Allianz Global Assistance.
