Magi Research and Consultants Private Limited, a consulting firm specialising in the financial services and insurance sector, acted as advisors in the just announced Bancassurance partnership between Commercial Bank of Ceylon Plc (“Commercial Bank”) and AIA Insurance Lanka Limited (“AIA Sri Lanka”).

Commercial Bank, the largest private sector bank in Sri Lanka, and AIA Sri Lanka, a leading life insurer and subsidiary of the globally renowned AIA Group, have joined forces in an exclusive long-term Bancassurance collaboration.

Magi’s consulting services to Commercial Bank, encompassed end-to-end support for the partner selection and deal negotiation, including RFP design and management, business modelling, partner assessment and due diligence, deal valuation, bid assessment, and recommendations to the Bank. Magi actively supported the commercial and legal negotiations that paved the way for this groundbreaking partnership.

Magi Research and Consultants Private Limited is an India based consulting firm providing services to clients across emerging markets of South-East and South Asia, Middle East and Africa