QOMPLX to acquire insurance software modeling firm RPC Tyche

QOMPLX, a provider of cloud-native risk analytics, has agreed to acquire RPC Tyche, an insurance software modeling and consulting firm, for an undisclosed price.

RPC Tyche has operations across London, Cambridge, Chicago, and Paris.

QOMPLX said that RPC Tyche strengthens its insurance analytics offerings.

The combined business is expected to provide more comprehensive insurance underwriting, pricing, capital modeling, risk modeling, and reserving functionality.

The combined team of RPC Tyche and QOMPLX are said to build the insurance data factory of the future with capabilities in data integration, transformation, analysis, and contextualization for employees, corporations, and consumers.

RPC Tyche’s core modeling platform is said to focus on the complex challenges such as pricing risks, modelling, and reserving capital.

Its core flagship software offerings include Tyche Capital Model, Tyche Model Generator, and the Tyche Pricing System.

QOMPLX to acquire insurance software modeling firm RPC Tyche. Photo courtesy of Adam Radosavljevic from Pixabay.

Alun Marriott – Managing Partner of RPC Tyche said: “Our team is excited to have reached this opportunity with QOMPLX to unlock significant untapped potential in smart Insurance modeling and dynamic areas like cyber insurance.

“We believe our category leading actuarial modeling software and growing client portfolio across Europe and internationally will add exceptional value to customers, especially when combined with other QOMPLX Insurance offerings.”

RPC Tyche’s solutions, which will be combined with the broader QOMPLX data analytics platform and Q:Insurance tools will consolidate QOMPLX as a major provider of core data platform and actuarial modeling tools for next-gen insurance underwriting, risk, and capital modeling.

Jason Crabtree – QOMPLX Co-founder and CEO said: “Tyche has made significant leaps in actuarial modeling and has built a tremendously well respected business serving some of the largest insurers, reinsurers, and risk intermediaries. Its track record of new business growth and exceptional client retention is a testament to that success.

“Our existing data integration and analysis capabilities from Q: OS and Q: INSURANCE are highly complementary to Tyche’s modeling and pricing offerings. We are very excited about how the combined business and technology capabilities will help our customers further their actuarial and data science efforts as part of the modern data supply chain in insurance.”

The acquisition is being made as part of QOMPLX’s proposed merger with Tailwind Acquisition, a special purpose acquisition company.