Allianz Insurance Lanka and Commercial Bank Extend 8-Year Bancassurance Partnership with Spotlight on Digital Enablement

Allianz Insurance Lanka Limited – one of Sri Lanka’s leading insurers and a part of the global insurance giant Allianz SE – has formally renewed its long-standing partnership with Commercial Bank, for the provision of bancassurance services. This new chapter of collaboration between the two, building on eight years of partnership, was marked by the signing of an updated Memorandum of Understanding (MOU) for the period 2024-2025. Accordingly, both organisations have committed to work together to deliver cutting-edge insurance products tailored to the evolving needs of Commercial Bank’s customers, with a heightened focus on expanding digital channels to enhance accessibility and improve customer experience.

Over the past eight years, Allianz Insurance Lanka and Commercial Bank have built a strong bancassurance relationship, providing insurance solutions to countless customers. This partnership, built on mutual trust, has consistently delivered results that reflect a deep understanding of customer needs. As the partnership continues, Allianz and Commercial Bank will explore new strategies that strengthen the existing high standards of service, while also introducing fresh innovations designed to meet the changing demands of an increasingly digital world.

Allianz Insurance Lanka Limited, a leading general insurer, offers a comprehensive range of solutions to protect your health, vehicle, business, corporate assets, and travel needs. As part of a global leader in Corporate, Property, and Casualty insurance, we serve over 100 million customers worldwide, safeguarding what matters most to them.

The next two years will thus see Allianz Insurance Lanka and Commercial Bank work closely to refine their product suite and introduce services that not only meet the financial and protection needs of customers but also integrate seamlessly into their digital lifestyles.

Allianz Insurance Lanka Ltd. is a fully-owned subsidiaries of Allianz SE, a global financial services provider with services predominantly in the insurance and asset management businesses, headquartered in Munich, Germany. Allianz is also recognized globally as the “World’s No.1 Insurance Brand” by Interbrand and Brand Finance. The global strength and solid capitalization of Allianz, coupled with local expertise and business know-how, have been Allianz Lanka’s powerful formula for success. With a legacy of excellence and a commitment to innovation, Allianz Lanka serves the diverse needs of its customers, nurturing a secure and prosperous future.