International insurance coverage {and professional} companies agency Aon has acquired actuarial software program platform Tyche from expertise and software program agency RPC Tyche.
Tyche develops custom-made danger and capital modelling software program for actuaries, quantitative analysts and danger groups. Its international purchasers embody a number of the largest insurers and pension companies, in addition to skilled companies suppliers.
Aon stated the transaction “considerably expands” its present capabilities to assist reinsurers and insurers handle entry to capital and make different enterprise choices. The acquisition will allow Aon to supply reinsurers and insurers a single expertise platform with the flexibility to combine capital modelling, pricing and reserving throughout each life and non-life insurance coverage enterprise.
Tyche is headquartered in London and has places of work in Paris, Brussels and the USA of America.
The phrases of the acquisition weren’t disclosed.
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