London, September 2024 – NTT DATA UK&I, a global leader in digital business and IT services, today announced a strategic partnership with Alchemy Technology Services, a global centre of excellence for insurance software implementation. This collaboration aims to transform P&C insurance platforms and services, supporting the full insurance lifecycle for insurers grappling with legacy systems and complex cloud migrations.
Alchemy, a Guidewire PartnerConnect Consulting partner at the Select level, provides resources and expertise to support the modernisation and growth of the technology platforms. NTT DATA brings its global reach, extensive knowledge, and comprehensive services, including end-to-end data modernisation, cloud integration, and application management, to the partnership.
This unique offering meets a critical market need, enabling seamless transitions from on-premises to cloud-based systems, particularly for organisations using outdated policy administration, billing, and claims management systems facing end-of-life. The partnership will help firms future-proof their operations against market changes and evolving regulatory requirements, catering to both the specialty and general insurance sectors.
"Our partnership with Alchemy allows us to offer an unmatched end-to-end solution," said Richard White, Head of Specialty Insurance at NTT DATA UK&I. "We're providing a reliable alternative to current market offerings, ensuring smooth implementations and migrations that have proved challenging for many insurers."
"Partnering with NTT DATA provides us with an incredible opportunity to enhance our service offerings and expand our reach," said John Harkin, CEO at Alchemy. "Cloud solutions continue to be a key driver of innovation in the insurance industry, and this partnership enables us to leverage our expertise fully. This collaboration acknowledges our strengthened capabilities and positions us to support our clients more effectively as they transition to cloud-based systems."
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About NTT DATA
NTT DATA is a $30+ billion trusted global innovator of business and technology services. We serve 75% of the Fortune Global 100 and are committed to helping clients innovate, optimise and transform for long-term success. We invest over $3.6 billion each year in R&D to help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have diverse experts in more than 50 countries and a robust partner ecosystem of established and start-up companies. Our services include business and technology consulting, data and artificial intelligence, industry solutions, as well as the development, implementation and management of applications, infrastructure, and connectivity. We are also one of the leading providers of digital and AI infrastructure in the world. NTT DATA is part of NTT Group and headquartered in Tokyo.
Visit us at nttdata.com
About Alchemy Technology Services
Founded in 2018, Alchemy Technology Services is a global centre of excellence for insurance software implementation and professional services. Specialising in providing highly skilled talent and expertise, Alchemy supports the modernisation and growth of the insurance sector, driving its digital transformation. Headquartered in Derry/Londonderry, Northern Ireland, and now operating a key office in the heart of the Lloyd’s market through Alchemy London Market, the company is well-positioned to address client needs and expand its operations. Alchemy delivers comprehensive, end-to-end innovative solutions that enhance efficiency, promote growth, and provide competitive advantages for its clients.