NTT DATA has acquired Alchemy Technology Services, a specialist insurance technology consultancy based in Northern Ireland, in a move aimed at expanding its capabilities in complex markets.
Alchemy, established in 2018, is known for its expertise in core system implementations, Guidewire credentials, testing and cloud adoption.
NTT DATA employs more than 15,000 specialists in 26 countries and serves over 300 clients worldwide, including six of the top ten insurers by revenue. The integration is expected to accelerate modernisation efforts, support digital transformation and promote a more data-driven approach to insurance.
Bruno Abril, global lead, insurance industry at NTT DATA, said: “Joining forces with Alchemy enhances our ability to accelerate digital transformation in the insurance industry, reinforcing our strategic growth ambitions and the vast opportunities we see ahead. IT modernisation in P/C insurance is not a fleeting trend – it’s a core market priority attracting sustained investment.”
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