GTT Data Solutions Ltd announced it will acquire 100% of Insurants AI, expanding into AI-driven insurance technology. The deal strengthens GTT’s presence in InsurTech, enabling diversification and innovation in risk assessment and claims automation. Analysts see the acquisition as a strategic move to boost competitiveness in India’s digital financial services sector.
GTT Data Solutions Ltd (GTTD.BO) announced plans to acquire 100% ownership of Insurants AI, a move that underscores its ambition to strengthen capabilities in artificial intelligence-driven insurance technology. The acquisition signals a strategic expansion into the fast-growing InsurTech sector.
Key highlights of the update:
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The deal involves a full acquisition, giving GTT Data Solutions complete control over Insurants AI’s operations, technology, and client base.
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Insurants AI specializes in AI-powered insurance solutions, including risk assessment, claims automation, and predictive analytics, which align with GTT’s focus on data-driven innovation.
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Analysts view the acquisition as a growth catalyst, enabling GTT to diversify beyond traditional IT services into financial technology and insurance ecosystems.
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The move comes amid rising demand for digital transformation in insurance, with AI adoption expected to enhance efficiency and customer experience.
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Industry experts believe the acquisition will strengthen GTT’s competitive edge, positioning it as a key player in India’s evolving digital financial services landscape.
This development highlights GTT Data Solutions’ proactive strategy to leverage AI for scalable, future-ready solutions in insurance and beyond.
Sources: Reuters, Economic Times, Business Standard