International Modern Pentathlon Union (UIPM) President Klaus Schormann believes a 90-minute event can have a "transformative effect on the profile and popularity" of the sport, after the Executive Board approved the format hoped to feature at the 2024 Olympic Games in Paris.
The 90-minute modern pentathlon, complete with an elimination system, is designed to be more broadcast-friendly, more dynamic and able to be watched by spectators at just one venue.
The UIPM claims it is also compatible with the International Olympic Committee’s (IOC) Olympic Agenda 2020 and New Norm reforms, as it is more sustainable and cost-efficient.
As well as the 90-minte contest, the UIPM also wants to add a third medal event to the Paris 2024 programme - a mixed relay.
The IOC Executive Board is due to make a decision on whether to approve UIPM’s application package on December 7.
"We stand once again on the brink of a momentous landmark in the long history of our beloved core Olympic sport," Schormann said.
"The modern pentathlon was originally a five-day competition at the Olympic Games.
"At Atlanta 1996 it was condensed into one day, and at London 2012 we combined laser shooting with running to produce a more exciting climax.
"In Tokyo in 2021 we will have all five disciplines within one pentathlon stadium.
"Now, after two years of detailed exploration and discussion between all parts of our community, the IOC and Paris 2024 and Olympic Broadcast Services, we are ready to present something very special: a modern pentathlon lasting 90 minutes.
"We have presented our global community with a summary of the exciting new modern pentathlon format, which we hope will have a transformative effect on the profile and popularity of our Olympic sport.
"As UIPM President I am grateful to all parts of our global community for buying into this vision.
"The UIPM Executive Board has again demonstrated its commitment to innovation and we greatly look forward to presenting the IOC with our application for a new modern pentathlon competition format and an additional mixed relay category for the Olympic Summer Games Paris 2024."
The UIPM has shared the proposal with members, with those Federations asked to share comments and feedback before the final application is submitted to the IOC.
The UIPM Executive Board voted "overwhelmingly" in favour of the changes at a recent meeting.
A New Pentathlon Working Group began working on the new format in September 2019 and test events took place in Budapest in Hungary and Cairo in Egypt last month, which resulted in "positive athlete feedback", according to the UIPM.