Aon acquires Tyche Platform
Aon acquired actuarial software platform Tyche from technology and software company RPC Tyche . The transaction expands Aon’s existing capabilities to help re/insurer clients rethink access to capital and make better business decisions.
The acquisition of Tyche will enable Aon to offer re/insurers a single technology platform with the ability to seamlessly integrate capital modelling, pricing and reserving to drive better decision-making across both life and non-life business.
“This innovative new offering, combined with our existing global capabilities, will help to bring significant value to Aon’s re/insurer clients and deliver new software and consulting solutions to previously underserved markets. As our clients face increasingly complex risks and evolving regulatory requirements, Tyche’s expertise is designed to underpin insurers’ decision-making frameworks. We are thrilled to welcome Tyche’s nearly 140 colleagues to Aon as we share a commitment to innovating on behalf of clients.” – Nick Frankland, chairman of Aon’s insurance consulting team.
Tyche, a specialist in developing customized risk and capital modeling software for actuaries, quantitative analysts, and risk teams, serves global clients that include some of the largest life, non-life, and composite insurers and pension firms, as well as leading professional services providers.