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.