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Aon acquires Tyche Platform to expand insurance capabilities

Aon has acquired actuarial software platform Tyche from technology and software firm RPC Tyche which will provide re/insurance a single technology platform 

For an unknown fee, Aon, a renowned global professional services organisation, has acquired software platform Tyche from technology and software startup RPC Tyche.

With the acquisition of Tyche, Aon will be able to provide re/insurers with a single technological platform that can seamlessly combine capital modelling, pricing, and reserving to help them make smarter decisions in both life and non-life insurance.

The chairman of Aon’s insurance consulting team, Nick Frankland, said: “This innovative new offering, when combined with Aon’s existing global capabilities, will help deliver new software and consulting solutions to previously underserved markets, bringing significant value to Aon’s re/insurer clients. Tyche’s expertise is geared to support insurers’ decision-making frameworks as they face more complex risks and growing regulatory constraints. We are delighted to welcome Tyche’s approximately 140 employees to Aon, as we share a commitment to innovation on behalf of our clients.”

Bringing technology-driven insights to customers 

RPC Tyche is the technological software and consulting firm behind Tyche, the award-winning software that was recently named Insurance ERM’s Actuarial Software of the Year. We have offices in Paris, Brussels, and the United States of America, as well as our headquarters in the City of London.

Tyche, a major provider of custom risk and capital modelling software for actuaries, quantitative analysts, and risk teams, has a global client base that includes some of the world’s top life, non-life, and composite insurers and pension funds, as well as leading professional services firms.

The managing partner of Tyche said “Tyche has built a highly respected and utilised range of risk and capital modelling platforms and consultancy services, and combining with Aon can take us to the next level in terms of capabilities, distribution and delivery. By uniting our passion for technology-driven insight, we will bridge gaps and enhance solutions to benefit clients.”

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