- Barriers complicate professional careers: women in professional football face financial insecurity. 64 percent of women state that financial barriers prevent them from pursuing their sporting passions.
- Resources for young talent: With The square ball campaign and alliance Ready coach With its financial education initiative, Allianz shines a light on the challenges women footballers face and helps talented young players achieve their goals with confidence and financial acumen.
Munich, 6th July 2023. Many people dream of becoming a professional soccer player, but in reality this goal is unattainable for many women. A survey by Allianz shows that financial hurdles prevent 64 percent of women from pursuing their passion – for example becoming a professional athlete.[1] The challenges are complex and serious. Ahead of the 2023 Women’s World Cup in Australia and New Zealand, Allianz has launched two new initiatives to help women overcome financial insecurities as they make their way into professional football.
Not fair and fair – a difficult game with a square ball
Talent and motivation alone are rarely enough for women to ensure financial security in professional football. In the top European football leagues, more than one in ten women does not receive any salary at all.[2]
For players caught between their high-performance sport and the travails of financial insecurity, it’s like playing the game with a square ball.
The square ball by Allianz is a tangible representation of the many challenges and hardships faced by women in professional football. With this campaign, Allianz wants to draw attention to the financial challenges and the associated uncertainties that women in football are confronted with – and offer the tools to counteract them alliance Ready coach Initiative.
In addition to its symbolic square shape, the design of The square ball provides study-based insights into the challenges women face in football and encourages both discussion and education. “The data clearly shows that financial barriers, among other things, prevent women from pursuing their passion as professional footballers. Knowledge of financial issues and a clear understanding of one’s plans and options can help young female athletes pursue their careers with financial confidence.” says Christian Deuringer, Head of Global Brand Management at Allianz SE.
Resources for talent: Personal finance training with Alliance Ready Coach
The Alliance started theirs alliance Ready coach
Initiative to offer free, customized financial training to aspiring professional soccer players and other female athletes. Alliance Ready Coach Alessandra Jovy-Heuser (Aless) herself has extensive experience as a professional volleyball player and financial expert. Aless knows all too well the challenges female athletes face when starting a professional career: “When I was a professional athlete, I wished I had someone with financial expertise who could help me. It is important that young female athletes are supported in building their financial foundation.” are prepared for the future. From the start to the conclusion of the contract to long-term career planning, financial knowledge is a crucial building block for progressing in the game and turning passion into a career. As Alliance Ready CoachI am happy to give tips on how to use and invest money effectively Alliance Ready CoachAllianz offers that Allianz Future Workout for the next generation of athletes, including Olympians and Paralympists.
Financial education as a basis for realizing professional dreams
The square ball And alliance Ready coach are part of Allianz’s global, holistic commitment to promoting financial literacy.
The Allianz Financial Literacy Hub[3]
Contains all Allianz research on financial literacy and provides data to identify areas of impact to reduce financial insecurity and improve access to financial literacy. This month, the Alliance launched a new platform called ” Allianz finance workoutwhich provides e-learning and interactive tools for a variety of everyday investment and finance topics.
In addition, the alliance offers resources about the Apprenticeship as Allianz Finance Coach for young people. Allianz’s commitment gives young people the right tools to make informed decisions about their finances. Financial hurdles should not stand in the way of realizing professional dreams.
For more information, see: https://www.allianz.com/squared-ball
For more information please contact:
nobleman
Susan Farrant
E-mail: susann.farrant@edelman.com
Allianz SE
Florian Amberg
Head of Public Relations & Communications Intelligence at Allianz Group
E-mail: florian.amberg@allianz.com
About the Alliance
With more than 100 million, the Allianz Group is one of the world’s leading insurers and asset managers[4] Private and corporate customers in more than 70 countries. Allianz customers benefit from a wide range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services, credit insurance and global business insurance. Allianz is one of the world’s largest investors and manages around 802 billion euros for its insurance customers. In addition, our asset managers PIMCO and Allianz Global Investors manage €1.9 trillion in third-party assets. By systematically integrating ecological, social and governance criteria into our business processes and investment decisions, we occupy the top position for insurers in the Dow Jones Sustainability Index, which was launched on November 12, 2021. In 2020, more than 150,000 employees generated total sales of 140 billion euros and an operating profit of 10.8 billion euros for the group.
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[1] Alliance Survey: https://www.allianz.com/en/about-us/brand/partnerships/olympic-paralympic-movements/movenow/ready-coach.html
[2] FIFA-Benchmarking-Report-Womens-Football-Setting-the-pace-2022_EN.pdf
[3] Financial Literacy Hub (allianz.com)
[4] Including unconsolidated companies with Allianz customers.
