Enterprise Risk Management Technology Guide 2023/24

Aon - Capital - Tyche Capital Model & ReMetrica

Type of System

  • Analytics
  • Asset/liability management
  • Capital modelling
  • End-to-end ERM
  • Internal/external reporting
  • Portfolio analysis/hedging
  • Solvency II solution
  • Stress and scenario testing
  • Optimisation

Type of platform

  • Cloud
  • Desktop-based
  • Grid
  • Server-based

Other features - does your offering facilitate

  • Curve-fitting
  • Least-squares Monte Carlo
  • Solvency II internal model
  • Solvency II standard formula

What are the typical implementation costs?

Tyche Capital Model: In the range of £15k - £250k. Implementation costs and timelines vary depending on the level of support required and the complexity of any existing models that need to be replicated (e.g. bespoke features). Implementation can be conducted largely in house to minimise cost; or as a collaborative engagement. 
ReMetrica: Implementation costs are in the range of £0 - £200k, typically less than £100k. Many clients implement their solution entirely in-house as ReMetrica is designed to make implementation by the end user straight-forward. Where implementation support is required, costs vary largely dependent on the scale of the project and the level of collaboration with the client team.

How long does your software take to implement on site?

This varies according to the complexity and scope of the client model. Many clients will take an agile approach to implementation and increase the scope of their modelling gradually over time once early projects have been successfully completed.

Please name companies that use the system/solution

Tyche Capital Model: Apollo, Aspen, Asta, Aviva, Axis, Cincinnati, Convex, Coverys, Esure, Fidelis, Hiscox, IGI, NHBC, QIC, Ren Re, Scor, Starr and others who have not yet given permission to name.
ReMetrica: A sample subset of capital modelling clients includes: Asta, AXA Group, Ascot, Allianz Risk Transfer, Beazley, Canopius, Flood Re, GARD, IF P&C, Lancashire, Samsung, Sirius Point, Thomas Miller, Tokio Marine Kiln, Topdanmark, Uniqa, Zurich.  


Aon brings choice and innovation across its ReMetrica and Tyche tools for actuaries to invigorate their capital modeling based on their individual needs — from no-code or out-of-the-box to customised solutions — to make better decisions.


Name: Dan Gelderd
Tel: +44 (0)20 7046 8127

Name: Tessa Moulton
Tel: +44 (0)20 7578 7137