NTT DATA, a global leader in AI, digital business and technology services, announced the acquisition of Alchemy Technology Services, a specialist insurance technology consultancy. The move reinforces NTT DATA's commitment to transforming the global insurance ecosystem, addressing current and emerging challenges around agility, modernization and scalability.
In addition to its strong consultancy and Guidewire credentials, Alchemy brings deep expertise in the specialty insurance market, particularly in supporting complex and regulated environments, such as the London Market, the largest reinsurance subscription market globally. This will further strengthen NTT DATA's ability to serve niche and high-value segments across the global insurance landscape.
A shared vision for insurance innovationThis acquisition marks a significant milestone in NTT DATA's strategy to lead the digital reinvention of the insurance sector - a market set to reach 230.7 billion in IT spend this year.
