NTT DATA Announces Partnership with Alchemy to Ease Complex Cloud Migrations
London, 3rd 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need, enabling seamless transitions from on-premises to cloud-based systems, particularly for organisations using outdated policy administration, billing, and claims management systems facing end-of-life.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."
About NTT DATA
NTT DATA is a $30+ billion business and technology services leader, serving 75% of the Fortune Global 100. We are committed to accelerating client success and positively impacting society through responsible innovation. We are one of the world’s leading AI and digital infrastructure providers, with unmatched capabilities in enterprise-scale AI, cloud, security, connectivity, data centers and application services. Our consulting and industry solutions help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have experts in more than 70 countries. We also offer clients access to a robust ecosystem of innovation centers as well as established and start-up partners. NTT DATA is part of NTT Group, which invests over $3 billion each year in R&D.