Aon , a global professional services firm, has acquired actuarial software platform Tyche from technology and software firm RPC Tyche.
Tyche, a specialist in developing customised risk and capital modelling 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.
Aon said the acquisition of Tyche will enable it 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.
Nick Frankland, chairman of Aon’s insurance consulting team, said, “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.”
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