Integration of Tyche into Aon's existing solutions will better
enable re/insurers to rethink access to capital
LONDON, March 1, 2022 /PRNewswire/ -- Aon
plc (NYSE: AON), a leading global professional services firm,
today announced it has acquired actuarial software platform Tyche
from technology and software firm RPC Tyche. The transaction
significantly 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.
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. We are thrilled to
welcome Tyche's nearly 140 colleagues to Aon as we share a
commitment to innovating on behalf of clients."
Tyche, a specialist in developing customized 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.
Alun Marriott, managing partner
of Tyche, said: "Tyche has built a highly respected and utilized
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."
The terms of the acquisition were not disclosed.
Read more about Aon's and Tyche's solutions here.
About Aon
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 over
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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here.
Aon UK Limited is authorised and regulated by the Financial
Conduct Authority for the provision of regulated products and
services in the UK. Registered in England and Wales. Registered number: 00210725. Registered
Office: The Aon Centre, The Leadenhall Building, 122 Leadenhall
Street, London EC3V 4AN. Tel: 020
7623 5500. FP13028-AD
About RPC Tyche
RPC Tyche is the technology software
and consulting company behind the award-winning software Tyche,
recently announced as Actuarial Software of the Year by Insurance
ERM. Our services are used by some of the largest life, non-life,
composite and pension firms, as well as leading professional
services providers, which benefit from the market disruption our
ground-breaking capabilities give them. Our headquarters are in the
City of London and we have offices
in Paris, Brussels and the
United States of America.
Aon Media Contact
Andrew Wragg
andrew.wragg@aon.com
+44 (0) 7595 217168
mediainquiries@aon.com
Toll-free (U.S., Canada and
Puerto Rico): +1 833 751 8114
International: +1 312 381 3024
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