Ethniki Asfalistiki advances core systems modernization with Kyndryl

ATHENS, Greece, May 12, 2026 - Kyndryl (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.