Allianz SE - one of the world’s largest insurers, particularly in motor insurance - is pleased to announce the extension of the partnership as an Official Partner of the FIA Formula E Championship for another five seasons. The partnership with Formula E fits Allianz ambition to be the leading partner for innovative insurance and service solutions around mobility for companies and customers alike.
With its worldwide presence, constantly growing fan base (20,000-40,000 fans per race), rising broadcasting hours, extended race schedule and new cities (e.g. Sao Paulo, Rome, Santiago), and increasing interest of car manufacturers and technology leaders, Formula E represents the perfect platform to revolutionize the future of motorsport and urban mobility including the electric mass vehicle market, autonomous driving and more.
“We are proud to partner with Formula E, the pioneering electric racing series. We look forward to exploring new territories and to driving the future of mobility together,” explained Jean-Marc Pailhol, Head of Group Market Management and Distribution at Allianz SE. “The support of clean technologies also reflects Allianz long-term sustainability agenda. With the Allianz Explorer Zone we are showcasing our pursuit of innovation and cutting-edge technologies which we plan to expand for the next season.”
Allianz does not only plan to further develop its fan engagement within the Allianz eVillage and Allianz Explorer Zone but will also increase its footprint to the race track with extensive branding to drive awareness and image.
The long-term extension provides both Formula E and Allianz with a strong foundation to build on the existing partnership - allowing for further opportunities to create innovative ways to inspire and interact with fans of Formula E.
Alejandro Agag, Founder & CEO of Formula E, said: “It’s fantastic news to confirm that Allianz has extended their partnership with Formula E. Just as road car manufacturers and statutory bodies are shifting focus to clean mobility and electrification - so are world-leading companies like Allianz, which they’ve shown with their long-term commitment to Formula E. I look forward to seeing the partnership expand and bringing exciting and innovative new opportunities to fans of Formula E all over the world.”
The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.3 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group.
The FIA Formula E Championship is the world’s first fully-electric single-seater racing series, competing on the streets against the backdrop of some of the most iconic cities - including Hong Kong, Marrakesh, Buenos Aires, Monaco, Paris, New York and Montreal. The championship represents a vision for the future of the motor industry, serving as a platform to showcase the latest innovations in electric vehicle technology and alternative energy solutions. Future seasons will see the regulations open up further allowing manufacturers to focus on the development of motor and battery components, which in turn will filter down to everyday contemporary electric road vehicles.
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