Democrance and Oracle collaborate on insurance innovation

Maximize Insurance Efficiency with Custom Software Solutions The insurance industry continues evolving toward data-driven decision making and automated operations. Companies that invest in custom insurance software solutions position themselves to capitalize on market opportunities while competitors struggle with outdated systems. Though implementation requires careful planning and substantial investment, the resulting operational efficiency and customer experience improvements make custom insurance software essential for sustained competitive advantage. Read More - https://lnkd.in/grSmeU_f #InsuranceSoftware #InsuranceIndustry #CustomInsuranceSoftware

NTT DATA has announced the acquisition of Northern Ireland-based Alchemy Technology Services, a leading insurance technology consultancy, to drive agility, modernization, and scalability across the global insurance ecosystem. The strategic move enhances NTT DATA’s presence in the UK and Ireland while strengthening its global network of over 15,000 insurance specialists across 26 countries. Bruno Abril, Global Lead for Insurance at NTT DATA, said, “Joining forces with Alchemy enhances our ability to accelerate digital transformation in the insurance industry, reinforcing our strategic growth ambitions and the vast opportunities we see ahead.” Alchemy brings robust Guidewire expertise and deep specialization in complex markets such as the London (re)insurance sector, known for its stringent regulations and global influence. As part of the deal, Alchemy will become a Global Centre of Excellence within NTT DATA, leading complex digital transformation programs for insurers worldwide. John Harkin, Founder and CEO of Alchemy, stated, “Becoming part of NTT DATA unlocks extraordinary opportunities for international growth and amplifies the global impact of our work.” This acquisition underscores NTT DATA’s commitment to shaping the future of intelligent, connected insurance enterprises. #NTTDATA #AlchemyTechnologyServices #InsuranceTransformation #DigitalInnovation #Guidewire #InsurTech #BusinessTransformation #GlobalExpansion #InsuranceEcosystem #TechnologyLeadership

DXC Technology Launches Assure Broking Essentials: AI-Powered SaaS for Small and Mid-Sized Insurance Brokers Read more: https://lnkd.in/dvpTpDWY #DXCTechnology #AssureBrokingEssentials #AIPoweredSaaS #InsurTech #BrokerSolutions #DigitalTransformation #finance #fintech #FinancialIT

Claims Processing Outsourcing: Reducing Costs & Errors for Insurers One of the most successful tactics that insurers are using these days is outsourcing the processing of insurance claims in Australia. Insurance companies can improve operations and cut down on expensive mistakes that affect their reputation and financial performance by utilizing specialized help. Insurers and policyholders interact mostly through claims. Although mistakes or delays can swiftly harm customer relationships, a seamless and open claims procedure fosters confidence. But handling claims is also one of the areas of an insurer's business that uses the greatest resources. Typical difficulties include: High expenses for administration Complicated legal mandates Errors in manually entering data Pressure to reach a speedy settlement without sacrificing accuracy Deloitte's Insurance Industry Outlook states that digital transformation and operational efficiency are the top priorities for insurers globally. This is particularly true in Australia, where changing compliance requiremen https://lnkd.in/gy4mjeYB

🚨 NTT DATA Acquires Alchemy to Strengthen Insurance Services 🚨 NTT DATA has announced the acquisition of Northern Ireland-based Alchemy Technology Services, a move aimed at enhancing its global insurance capabilities. 🔍 Why this matters: Alchemy brings deep expertise in the specialty insurance market, particularly in complex and regulated environments like the London market — the world’s largest (re)insurance subscription hub. 💼 With this acquisition: - NTT DATA strengthens its consultancy and Guidewire implementation capabilities. - Gains a stronger regional presence in the UK and Ireland. - Adds a Global Centre of Excellence to drive complex transformation programs for insurers worldwide. - Expands its delivery model and academy training approach globally. 🌍 NTT DATA already boasts 15,000+ insurance specialists across 26 countries. This move further solidifies its position in niche and high-value segments of the insurance industry. 🤝 Leaders speak: Bruno Abril, Global Insurance Lead at NTT DATA: “Joining forces with Alchemy enhances our ability to accelerate digital transformation in the insurance industry.” John Harkin, CEO of Alchemy: “Becoming part of NTT DATA unlocks extraordinary opportunities for international growth and impact.” 🚀 Together, they plan to co-innovate around AI, automation, sustainability, and next-gen insurance products. #superintelligencenews #superintelligencenewsletter #NTTDATA #AlchemyTechnologyServices #InsuranceTech #DigitalTransformation #Guidewire #InsurTech #MergersAndAcquisitions #UKTech #GlobalInsurance

DXC Technology Launches Assure Broking Essentials: AI-Powered SaaS for Small and Mid-Sized Insurance Brokers “As the insurance industry continues to evolve, brokers face challenges from legacy technology constraints, skills shortages, and outdated processes,” said Ray August, President, Insurance Software and BPS, DXC Technology. “With Assure Broking Essentials we are equipping small and mid-sized brokers with a secure, scalable, and AI-powered platform that boosts productivity, streamlines compliance, and elevates customer service.” https://lnkd.in/eHH7Z65v Alix Douglas Aleksandra Andreasik Tracey May Claudia Schoell Isabella Farace Svetoslav Kolev #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

The insurance industry is at a crossroads. Digital-first competitors are raising customer expectations, while fragmented legacy systems are holding agencies back. We've just published our comprehensive guide on how insurance agencies can leverage Salesforce Financial Services Cloud to transform operations—not just implement technology. Key insights include: ✅ Why 80% of consumers prioritize experience over products ✅ How AI-powered claims processing reduces resolution time from days to hours ✅ The critical importance of AMS integration (with proven Applied Epic expertise) ✅ Real results: 50% reduction in admin time, 30% decrease in operational costs After 400+ implementations exclusively in financial services, we've learned that successful transformation requires more than powerful software—it demands industry-specific expertise. #InsuranceTechnology #Salesforce #DigitalTransformation #FSC

Today's read: NTT DATA Acquires Alchemy Technology Services to Accelerate Global Insurance Transformation 📣 https://lnkd.in/gywKE5zM NTT DATA 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… Read the full story by visiting the link above ⬆️ Never miss a beat in telecoms. Catch the latest news on The Fast Mode 🚀 #telecoms #tech #innovations #5G #technology

🚀 Innovation in Insurance: OP Life Assurance Launches Digital Platform with Guidewire In a significant advancement for the insurance industry, OP Life Assurance becomes the first life insurance company to implement Guidewire's digital platform Jutro. This integration marks a milestone in the digitalization of financial services, allowing for a smoother and more efficient experience for clients. 📈 Key Benefits of the Implementation - Improvement in operational efficiency: Automation of processes that reduces processing times by up to 50%. - Personalized customer experience: Real-time access to policies and services through intuitive interfaces. - Technological scalability: The Jutro platform supports integrations with legacy systems, facilitating a seamless transition. 🔧 Technical Details of the Platform Guidewire's Jutro solution uses microservices and open APIs to create personalized digital journeys. In the case of OP Life Assurance, this includes digital onboarding flows and cloud-based claims management, ensuring compliance with European regulations such as GDPR. This adoption not only positions OP as a leader in fintech innovation in Finland, but also sets a precedent for other insurers in the region. For more information visit: https://lnkd.in/eSvaCrTR #Fintech #DigitalInsurance #Guidewire #TechnologicalInnovation #InsuranceTech If you like this type of news, consider donating to the Enigma Security community to continue supporting with more content: https://lnkd.in/evtXjJTA Connect with me on LinkedIn for more insights: https://lnkd.in/eVFXiMyf 📅 Thu, 09 Oct 2025 08:19:54 +0000 🔗Subscribe to the Membership: https://lnkd.in/eh_rNRyt