It can host sports matches, including those of tennis, ice hockey, handball, and basketball, as well as musical concerts.

In 2005, it was renamed Arena Nürnberger Versicherung to reflect its sponsorship by a local insurance firm.

The arena is the home venue for the German Ice Hockey League club, Thomas Sabo Ice Tigers Nürnberg, and was also the home arena for the now defunct German League basketball club, Falke Nürnberg.

Under the roof of the hall is a video cube with four LED screens (520 × 920 pixels per side), each measuring about 17 m2 (69 m2 in total).

Among the performing musicians and bands are Robbie Williams, Peter Maffay, Anastacia, Pink, Die Ärzte, Elton John, OneRepublic, Bryan Adams, Udo Jürgens, Bob Dylan and Herbert Grönemeyer.