Allianz and the Drone Racing League Announce Global Multi-Year Partnership

Press Release | February 8, 2017 | Allianz SE
  • Allianz to be title sponsor of DRL races, the “Allianz World Championship” series
  • Races to be aired on premier broadcast channels in over 75 countries

Today, Allianz and the Drone Racing League (DRL) announced a global multi-year partnership. As the title sponsor of DRL’s race circuit, Allianz will leverage its motor racing heritage to bring the “Sport of the Future” to a rapidly growing world-wide audience.

The Allianz World Championship 2017 series will consist of six races to be aired in over 75 countries starting in June. The races will push the skills of 16 top drone pilots who will be flying racing drones at over 150KMH (90MPH) through a series of 3-D racecourses in iconic venues across Miami, New Orleans, Atlanta, Boston, Munich and London.

“This is an incredibly exciting day for The Drone Racing League and a huge leap forward for professional drone racing,” said DRL CEO and Founder, Nicholas Horbaczewski. “To DRL, Allianz is bringing world-renowned brand credibility and a proud history of innovative sports partnerships, including an extensive tradition in auto racing, and an undeniable proof point that the sport of the future has arrived. The scale and long-term nature of the deal shows Allianz’s genuine commitment to advancing the sport and will accelerate the introduction of drone racing to audiences around the world.”
“The pursuit of innovation and calculated risk taking are the reasons insurance was invented in the first place. Allianz is proud to be partnering with DRL, a true pioneer of today’s digital driven sports,” said Jean-Marc Pailhol, Allianz SE Head of Group Market Management & Distribution. “Drones are already an important part of our business so we’re excited to align with DRL as they harness the latest technological advancements and reimagine what racing in the 21st century looks like.”

The partnership with DRL will allow Allianz to connect with consumers of the fast growing drone industry. Allianz’s aviation insurer, Allianz Global Corporate & Specialty, offers a variety of drone insurance products for private and commercial operators, manufacturers, repairers, flight schools and training facilities. Drones also play an increasing role for Allianz in regards to property claims assessment and agriculture insurance.

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. AGCS provides risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 12 dedicated lines of business.

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film actors. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

We constantly strive to deliver the best for our customers through our global team of around 4,400 employees from over 70 nationalities in 34 countries worldwide. As the one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial strength ratings and a global network in over 200 countries and territories. In 2018, AGCS generated a total of €8.2 billion gross premium worldwide.

Together with its customers and sales partners, Allianz is one of the strongest financial communities. More than 85 million private and corporate customers insured by Allianz rely on its knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks.

In 2015, around 142,000 employees in over 70 countries achieved total revenues of 125.2 billion euros and an operating profit of 10.7 billion euros. Benefits for our customers reached 107.4 billion euros. This business success with insurance, asset management and assistance services is based increasingly on customer demand for crisis-proof financial solutions for an aging society and the challenges of climate change. Transparency and integrity are key components of sustainable corporate governance at Allianz SE.

DRL is the premier drone racing circuit for elite FPV (first person view) pilots around the world. A technology, sports and media company, DRL combines world-class media and proprietary technology to create thrilling drone racing content with mass appeal. In 2017, DRL is hosting a global series of 6 races as the Allianz World Championship to be broadcast on ESPN, Sky Sports, Prosieben, OSN and other leading broadcast channels around the world.

Founded by Nicholas Horbaczewski in 2015, DRL is a privately held company headquartered in NYC. For more information on the 2017 race season, visit www.drl.io. To join the conversation, follow DRL on Facebook at facebook.com/thedroneracingleague, on Twitter @DroneRaceLeague, and on Instagram @thedroneracingleague.

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