Aon Cyprus

Name

Aon Cyprus

Legal name

Aon Solutions Cyprus

Website

https://aonsolutions.com.cy

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Actuarial & HR Consulting

NAICS

Human Resources Consulting Services (541612), Health and Welfare Funds (52512), Pension Funds (525110)

SIC

Insurance Agents, Brokers & Service (6411), Services-Management Consulting Services (8742)

akta.pro primary industry

Employee Benefits Brokerage & Consulting (FSAEADAC)

akta.pro secondary industry

International Benefits Administration & Global Benefits Brokerage (BPACAHAG)

Keywords

• Actuarial consulting
• Benefits administration
• HR consulting
• Retirement planning
• Pension fund management

Headquarters

HQ city

Nicosia

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Actuarial and HR Consulting Services: Professional consulting services for retirement, investment, insurance, social security, talent management, compensation and rewards, performance, leadership, and organizational consulting
2. Benefits Administration Services: Comprehensive retirement program administration services including record keeping, benefit calculations, member communications, internet self-service, administrative reporting, payroll processing, and banking services

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Aon Solutions Cyprus provides actuarial consulting, HR consulting, and benefits administration services to employers, social security funds, insurance companies, and other organizations in Cyprus and the South-Eastern Mediterranean region. Its offering is anchored by three service lines: retirement and investment actuarial consulting, workforce and HR transformation consulting, and comprehensive retirement program administration including the proprietary UnitedPensions™ Cyprus MAP Fund multi-employer provident fund solution.

Product overview

Aon Cyprus is a professional services firm offering a portfolio of three interconnected service lines: Actuarial Services (retirement, investment, insurance, and social security consulting), HR Consulting (talent, compensation and rewards, performance, leadership, and organizational consulting), and Benefits Administration (comprehensive retirement program administration). The offering is anchored by the UnitedPensions™ Cyprus MAP Fund, a multi-employer provident fund solution operational since October 2014, supported by the Your Benefits Resources (YBR) online administration platform and a companion mobile app launched in 2019. The three service lines share common foundations in risk management, human capital optimization, and retirement/benefits expertise, allowing the firm to provide integrated solutions across the employee benefits lifecycle.

Differentiator

Problem solved

Functional benefit

Products and services

• Actuarial Services (Retirement and Investment) Comprehensive actuarial consulting services covering retirement, investment, insurance, and social security advisory, delivered to employers, social security funds, and insurance companies. The firm positions itself as the largest actuarial consulting firm in the South-Eastern Mediterranean region, providing creative solutions backed by state-of-the-art tools.
• HR Consulting Services Workforce and HR transformation consulting covering talent management, compensation and rewards, performance, leadership development, and organizational consulting, designed to help clients and their people succeed together.
• Benefits Administration Comprehensive retirement program administration services combining technology, deep benefits expertise, and quality focus to minimize problems and maximize value for employers and employees. Covers all types of pension schemes including defined benefit and defined contribution, with services including record keeping, benefit calculations, member communications, internet self-service, administrative reporting, and payroll/banking services.
• UnitedPensions Cyprus - MAP Fund Multi-Employer Provident Fund solution launched in October 2014 that simplifies Provident Fund and investment management complexity. Provides Better Member Outcomes through optimal management systems and investment governance provided by Aon's global platform, with 700+ participating employers as of the 2017 anniversary and winner of the Best Pension Fund Award (2020).
• Your Benefits Resources (YBR) Online administration platform providing members online access to their fund information and individual accounts. Features internet self-service, record keeping, benefit calculations, member communications, and third-party reporting for benefits administration.
• MAP Fund Mobile App Mobile application launched November 2019 for iOS and Android devices enabling Provident Fund account management via mobile/tablet. Provides members access to Aon's online administration platform (YBR) through a mobile interface.

Quantifiable outcome

• Over 22 million employees' benefits managed globally
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Aon GlobalcoreStrategic or Co-development PartnerAon Solutions Cyprus operates as part of the global Aon network, utilizing proprietary data, analytics, and tools developed globally. The Cyprus office leverages Aon's international capabilities including global investment capability, technology platforms like MAP Fund, and access to worldwide investment managers.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Olympia Group: Olympia Group is a Greek-based regional consulting and benefits administration firm with a strong presence in the Hellenic and Cypriot markets. It competes locally with Aon Cyprus in HR consulting, payroll, and benefits administration for employers in the South-Eastern Mediterranean.
• Swiss Life Select / Local Greek Actuarial Boutiques: Various regional actuarial boutiques and insurance broker networks in Greece and Cyprus provide local actuarial, pension consulting, and benefits brokerage services. These smaller regional players compete with Aon Cyprus on price and local relationships for smaller employer mandates.

Direct peers

• Milliman: Milliman is one of the world's largest independent actuarial consulting firms, specializing in retirement, investment, and insurance consulting. It competes directly with Aon Solutions Cyprus for actuarial mandates with insurance companies, social security funds, and employers.
• Mercer: Mercer is a global consulting leader in health, wealth, and career services, with deep actuarial and benefits administration capabilities. It is the most direct competitor to Aon in retirement and investment consulting, serving employers and pension funds worldwide including in the Mediterranean region.
• Willis Towers Watson (WTW): WTW is a leading global advisory, broking, and solutions company with major actuarial consulting and benefits administration practices. It competes head-to-head with Aon in retirement, investment, and insurance consulting for employers and pension schemes globally.

Broad incumbents

• PwC: PwC is a global Big Four professional services network with significant HR consulting, reward, and pensions advisory practices. It is a broad incumbent competitor for enterprise HR transformation and benefits consulting work in Cyprus and the broader region.
• KPMG: KPMG's advisory practice includes actuarial, pensions, and HR consulting services that compete with Aon Solutions Cyprus. The firm's audit and tax relationships with major Cypriot employers provide a channel into benefits and pensions consulting work.
• EY (Ernst & Young): EY's People Advisory Services and actuarial practices compete with Aon Cyprus for HR, reward, and pensions consulting engagements. As a Big Four firm, EY brings broad advisory capabilities and strong enterprise relationships across the Mediterranean region.
• Deloitte: Deloitte is a global Big Four professional services firm with substantial human capital and actuarial consulting practices. It competes with Aon Cyprus on broader HR transformation, pensions consulting, and benefits mandates, often bundling consulting with audit and tax services.

Emerging players

• Buck Global: Buck Global is a US-rooted actuarial and benefits consulting firm that has expanded internationally. It competes with Aon Cyprus in retirement, health, and risk consulting, particularly for mid-sized employers and pension funds seeking specialized actuarial expertise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/aoncyprus
• LinkedInlinkedin.com/company/aoncyprus

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aon Cyprus