Case Study: Global Credit Insurance Issuer achieves IFRS 17 compliance and Zero-Trust security with Persistent Systems

Global Insurer Develops Robust Cyber Resiliency and Data Architecture

Global Credit Insurance Issuer, a global provider of trade credit insurance, surety, and collections services in more than 50 countries, needed to modernize its data architecture and security posture while achieving compliance with IFRS 17. The insurer also wanted to consolidate and modernize IAM, implement Zero-Trust Security across regions and acquisitions, and prepare a secure foundation for GenAI use. Persistent Systems was brought in to support this transformation with consulting and managed services.

Persistent Systems built a five-year cyber-resilience roadmap, introduced Data Mesh architecture, and implemented cloud-native security, DevSecOps enablement, modernized IAM, and Zero-Trust controls across the IT ecosystem. The project also included Azure cloud optimization, tool consolidation, and an optimized IGA/SSO selection. As a result, Global Credit Insurance Issuer achieved full IFRS 17 compliance, Zero-Trust Security, and 20% cost savings from Azure optimization, while also transitioning to an SLA-driven outcome-based operating model in just three months.