Richmond, Virginia, October 9, 2023 – Allianz Partners USA, a leader in travel protection and consumer specialty insurance, has found that road racers are the athletes who most often purchase the company’s Event Registration ProtectorSM product to protect their race investment. According to a recent survey of Event Registration ProtectorSM customers conducted in advance of the Allianz Partners Richmond Marathon, 43% of customers surveyed purchased the insurance product for a road race, followed by 28% for a cycling race and 17% for a triathlon, among the results. Seventy-seven percent of racers surveyed agreed that having the insurance gave them peace of mind while training for their race.
Road racers were tied with cyclists with 69% likely to purchase Event Registration ProtectorSM for their next event, followed by triathlon racers at 66% and swimmers at 50%. These findings were the results of a survey conducted by Allianz Partners of 1,100 Event Registration ProtectorSM customers during September 2023.
The survey also found that 39% of the customers surveyed registered for 3 to 5 races per year, 32% raced 1 or 2 times per year and 14% raced 6 to 8 times per year.
To help both racers and event organizers, Allianz Partners offers runners Event Registration ProtectorSM, which can help provide both peace of mind for racers 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, including the 46th running of the Allianz Partners Richmond Marathon, scheduled for November 11, 2023 in Richmond, VA. Thousands of runners and spectators are expected to come out for the historic race dubbed “America’s Friendliest Marathon.” Allianz Partners is proud to sponsor the race for the second year running.
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 is a Foundation level member of Running USA. 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.
“We’re really pleased to offer runners a product that so many have said gives them peace of mind while training for their race. Road racing is close to our hearts and supporting these athletes has been a labor of love,” said Chris Garlock, vice president of marketing strategy at Allianz Partners USA. “Event Registration Protector provides runners with protection for their race registration fees when they can’t race due to a reason covered by their plan. Race organizers also like the fact that racers have access to a product that can increase their confidence to register. We find that leads to better racer 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.
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.