RIQ and Swiss Re have signed a Memorandum of Understanding to develop and scale innovative capacity solutions, risk origination opportunities, and AI-enabled capabilities across the UAE region. Headquartered in the ADGM, RIQ is building an AI native reinsurance platform that integrates artificial intelligence and analytics to improve “underwriting accuracy, capacity deployment, and investment management that is optimized for clients.”
RIQ was launched in June 2025 by IHC, the investment company focused on building “dynamic value networks, in partnership with BlackRock and Lunate.”
The collab deepens Swiss Re’s engagement in the UAE, aligning with its focus “on high-quality risk origination and long-term market engagement.”
It further extends to exploring “risk transfer solutions, institutional investment vehicles and additional pathways for value creation, reinforcing Abu Dhabi’s emergence as a strategic center for global risk transfers.”
The MoU with Swiss Re underscores RIQ’s commitment to building a globally connected, “regionally anchored reinsurance platform from Abu Dhabi.”
As RIQ advances toward full operational readiness, this “collaboration marks a critical step in mobilizing expertise and technology to deliver the next gen of risk solutions.”
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of RIQ, said that artificial intelligence is “one of the major global trends driving economic transformation.”
It is a key engine for enhancing the “efficiency, resilience, and adaptability of global systems.”
Al Jaber added that they are pleased “to launch this collaboration, which brings together Swiss Re’s expertise and capabilities with RIQ’s capacity, to establish a foundation for a data-driven insurance ecosystem.”
This will help support sustainable economic growth and “reinforce Abu Dhabi’s position as a global center for solutions in risk management and reinsurance.’’
Mark Wilson, CEO of RIQ, said that Swiss Re brings expertise and a shared belief in what reinsurance can “become when capital, data, and technology converge.”
Wilson pointed out that together, they “aim to accelerate the development of AI-native infrastructure and structured reinsurance solutions tailored to the evolving needs of the market.”
Andreas Berger, Group CEO of Swiss Re stated that this “collaboration builds on Swiss Re’s risk expertise, strong data foundations, and early adoption of AI.”
Berger also mentioned that together with RIQ, they “aim to realise an AI-native reinsurance platform and further strengthen our engagement in this dynamic region.”
They further stated that by combining their joint capabilities “with the region’s strong innovation drive and vibrant insurance market, they can explore novel risk-transfer instruments, creating new ways to support our clients through peak risks.”
Charles Hatami, Senior Managing Director, Global Head of Financial and Strategic Investors Group, BlackRock, said that they are pleased “about the continued momentum of RIQ’s next-generation platform.”
Hatami added that by bringing together their investment management capabilities and Swiss Re’s industry expertise, RIQ helps “accelerate the development of Abu Dhabi’s capital markets, supporting growth throughout the region.”