JAKARTA - NTT DATA announced the acquisition of Alchemy Technology Services, a technology consultant specifically for the insurance industry, to transform the global insurance ecosystem, amid current digitalization challenges.
By combining its scale and global expertise with Alchemy's strong foundations and local roots, NTT DATA believes the company is in a unique position to meet the growing insurance needs worldwide.
This integration will accelerate core modernization efforts with agility and scale capabilities, support digital transformation in key markets, and encourage a smarter, more connected, and data-based insurance approach.
Together, the two companies will collaborate to develop innovations around emerging technologies including AI, automation, sustainability, and next-generation insurance products.
"The IT modernization in P&C insurance is not just a temporary trend, but a market priority that attracts sustainable investment. Together, we are in a unique position to lead this transformation," said Global Lead, Insurance Industry, NTT DATA, Inc. Bruno Abril.
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NTT DATA and Alchemy affirm their commitment to collaborative, transparent, and authentic integration processes, built on shared values such as teamwork, development, and innovation.
Both focus on creating positive impacts for clients, employees and the insurance industry at large.
"This is a proud moment for our team, clients, and the wider community. Being part of NTT DATA opens up extraordinary opportunities not only for international growth, but also for expanding the reach and impact of the work we do," added John Harkin, Founder and CEO Alchemy.
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