Aon Acquires Tyche Platform to Expand Insurance Advisory Capabilities for Clients
Integrating Tyche into Aon’s existing solutions will enable re/insurers to rethink access to capital
LONDON, March 1, 2022 /PRNewswire/ — Aon plc (NYSE: AON), a global leader in professional services, today announced the acquisition of the Tyche actuarial software platform from RPC technology and software company Tyche. The transaction significantly expands Aon’s existing capabilities to help re/insurer clients rethink access to capital and make better business decisions.
Acquisition of Tyche will enable Aon to offer re/insurers a single technology platform with the ability to seamlessly integrate modeling, pricing and capital reservation to improve decision making in life business and non-life.
Nick FranklandPresident of Aon’s insurance advisory team, said, “This innovative new offering, combined with our existing global capabilities, will help bring significant value to Aon’s re/insurer customers and deliver new software and consulting solutions to previously underserved markets. As our clients face increasingly complex risks and ever-changing regulatory requirements, Tyche’s expertise is designed to support insurers’ decision-making frameworks. We are delighted to welcome nearly 140 Tyche colleagues to Aon, as we share a commitment to innovate on behalf of our customers. »
Tyche specializes in the development of custom risk and capital modeling software for actuaries, quantitative analysts and risk management teams, serving global clients including some of the largest life, non-life and composite insurers and pension companies, as well as leading professional service providers. .
Alum MarriottManaging Partner of Tyche, said: “Tyche has built a well-respected and used range of risk and capital modeling platforms and advisory services, and the combination with Aon can take us to the next level in terms of capabilities, distribution and delivery. our passion for technology-driven knowledge, we will fill gaps and improve solutions for the benefit of customers. »
Terms of the acquisition were not disclosed.
Learn more about solutions from Aon and Tyche here.
Aon plc (NYSE: AON) exists to shape decisions for the better – to protect and enrich the lives of people around the world. Our colleagues provide our clients in more than 120 countries with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business.
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About RPC Tyche
RPC Tyche is the technology consulting and software company behind award-winning Tyche software, recently named Actuarial Software of the Year by Insurance ERM. Our services are used by some of the largest life, non-life, blended and pension companies, as well as leading professional services providers, who benefit from the market disruption that our game-changing capabilities provide. Our head office is in the City of London and we have offices at Paris, Brussels and The United States of America.
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