New Delhi, Oct. 22 -- NTT DATA has acquired Alchemy Technology Services, a specialist firm in insurance technology consulting. Beyond expanding its footprint in the UK and Ireland, this move signals a shift in how large tech providers approach the insurance sector-less as service vendors and more as long-term transformation partners. With Alchemy's expertise in speciality insurance and Guidewire implementations, NTT DATA is positioning itself to accelerate modernisation across legacy-heavy markets like the London insurance market.

The insurance industry is under pressure to modernise core systems while managing regulatory demands and cost pressures. Speciality markets such as the London Market still rely on legacy processes that are diff...