NTT Agrees Partnership With Alchemy Technology on P&C Data

The latest partnership news from NTT Data;

NTT DATA UK&I, a global leader in digital business and IT services, has 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need, enabling seamless transitions from on-premises to cloud-based systems, particularly for organisations using outdated policy administration, billing, and claims management systems facing end-of-life.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.”