Disability Insurance for Sports Professionals - a Focus on Football
German football clubs spend around 30 million euros on insurance for their stars.
The legs of the players are just as insurable as the hands of piano virtuosos.
Following the start of the 2020 Bundesliga soccer season - which is fraught with extraordinary risks - Ralph Beutter, our Chief Executive Officer, shared an overview of special and booming event cancellation insurance in an NZZ article.
“HDI Global Specialty collects data to calculate the probabilities of insurance occurrence. The research is carried out using publicly available information on the internet and using the division’s own historical data. In this way, the probability of the temporary loss of a player, the risk of disability, or even premature death due to an accident can be calculated.” – Ralph Beutter, Chief Executive Officer HDI Global Specialty SE.
Did you know:
German football clubs spend around €30million on insurance for their stars
Insurance policy prices rose by 15 – 25% across the board in 2020
Event cancellation prices doubled due to the pandemic
HDI Global Specialty has been insuring football, rugby and handball players for 30 years
Disability Insurance for Sports Professionals in numbers
Using important data from the article, the below showcases some more key statistics from the world of football and sport disability insurance.
Professional sport sets the bar for performance, discipline, and commitment very high. Elite athletes push themselves to the limit every day to achieve their athletic goals. Physical as well as mental fitness is essential.
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