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Ethniki Asfalistiki advances core systems modernization with Kyndryl

Expanded engagement lays the foundation for future application management

ATHENS, Greece, May 12, 2026Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced the expansion of its long-standing collaboration with Ethniki Asfalistiki, a leading insurance provider in Greece. Kyndryl will further modernize the insurer’s mainframe environment hosted on Kyndryl zCloud, which will help to establish a strong foundation for future application management.

“Operational resilience is central to protecting customer trust and sustaining confidence in our services,” said Petros Tsonis, CΤO, Ethniki Asfalistiki. “Continuing our collaboration with Kyndryl to further modernize our core systems strengthens the flexibility and scalability of our platforms, while enabling the reliability and performance required to serve our customers.”

“Financial institutions are redefining resilience as a business capability, not just a compliance exercise,” said Apostolos Leonidhopoulos, Managing Director, Kyndryl Greece and Cyprus. “Our collaboration with Ethniki Asfalistiki reflects this shift, combining deep industry expertise with our zCloud mainframe services to modernize core systems and support agile, customer-focused insurance operations.”

Ethniki Asfalistiki originally selected Kyndryl to manage its on-premises mainframe environment in 2021. As part of its ongoing transformation, the insurer subsequently engaged Kyndryl to modernize, migrate and operate its core workloads using Kyndryl’s zCloud mainframe services.

As a result, the company has improved the performance and agility of its mission-critical systems while reducing risk and supporting ongoing modernization. The insurance industry in Greece is experiencing increasing demand for digital services, driving the need for more agile and resilient IT operations. Ethniki Asfalistiki’s core systems support the processing of millions of transactions and the delivery of services to more than 1.9 million policyholders in Greece.


About Ethniki Asfalistiki
Ethniki Asfalistiki is a cornerstone of the Greek insurance market. Since its founding in 1891, the company’s mission has been to provide straightforward, effective insurance solutions that help people protect what matters most and face the future with confidence. Over the decades, its name has become synonymous with integrity and reliability, as reflected in the trust of more than 1.9 million policyholders. A key pillar of Ethniki Asfalistiki’s business model is its Environmental, Social, and Corporate Governance (ESG) strategy, which supports long-term growth through innovation, responsibility, and shared prosperity. The company maintains an extensive and adaptable network of certified insurance intermediaries throughout Greece. In November 2025, Ethniki Asfalistiki entered a significant new chapter in its history by becoming part of the Piraeus Bank Group, one of the largest and most dynamic financial organizations in Greece. For more information, visit www.ethnikiasfalistiki.gr.

About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world’s largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.

Kyndryl press contact
press@kyndryl.com