Building a technological bridge between startups and established players: InsurTech Hub Munich and its new strategic partner NTT DATA, one of the global leading IT service providers, are promoting digital transformation in the insurance industry.
NTT DATA is InsurTech Hub Munich‘s (ITHM) third cross-industry strategic partner. As a provider of IT and business solutions, the Japanese firm is an expert at managing technological challenges in the sector and supporting insurance companies in their digital transformation efforts.
NTT DATA will act as an important link between startups and established companies in the network promoting both innovation as well as co-creation in new business modelling and technological change processes.
“The partnership launched perfectly. Our IT and business experts were able to introduce their know-how during InsurTech Hub Munich’s 2019 accelerator program”, explains Christian Arnheiter, CTO Team, Head of Startup Cooperations of NTT DATA Deutschland.
“Let me give you one example: they were consulted on how to integrate innovations made by the startups into existing infrastructures and tasks of the insurance companies”.
NTT DATA adds its IT expertise to the ITHM network
David Stachon, Member of the Board of Generali Deutschland AG and Acting Head of ITHM’s Advisory Board: “Through its excellent expertise both in IT and in the industry, NTT DATA lends profundity to the collaboration between InsurTech Hub Munich startups and insurers. More than that, the cooperation underlines InsurTech Hub Munich’s cross-industry vision and the significance of exchange across international borders. “
About NTT DATA
NTT DATA is a leading provider of business and IT solutions and global partner in innovation for its customers. The Japanese corporation based in Tokyo is represented in more than 50 countries around the world. Its focus is on long-term customer relationship: NTT combines global presence with local market knowledge and offers first-grade professional services from consulting and system development to outsourcing.
For further information please consult https://www.nttdata.com/sg/en/industries/insurance.
Press release in German: click here.
Text: Markus Walter