Swiss Re and Reinsurance Intelligence Quotient (RIQ) have announced a strategic partnership to develop new capacity solutions, enhance risk origination, and build artificial intelligence-driven capabilities in the United Arab Emirates. The agreement is set to expand Swiss Re’s presence in the region and support Abu Dhabi’s position as a center for reinsurance and financial innovation.
RIQ, established in June 2025 by International Holding Company (IHC) with partners BlackRock and Lunate, operates from the Abu Dhabi Global Market. The company is focused on creating an AI-native reinsurance platform that integrates advanced analytics to improve underwriting accuracy, capacity deployment, and investment management.
Under the memorandum of understanding signed by both parties, Swiss Re and RIQ will work together to develop innovative capacity solutions and explore further areas of cooperation over time.
Andreas Berger, Group Chief Executive Officer at Swiss Re, stated: "This collaboration builds on Swiss Re’s deep risk expertise, strong data foundation and early adoption of AI. Together with RIQ, we aim to realise an AI-native reinsurance platform and further strengthen our engagement in this dynamic region. By combining our joint capabilities with the region's strong innovation drive and vibrant insurance market, we can explore novel risk-transfer instruments, creating new ways to support our clients through peak risks."
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of RIQ, commented: "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. We are pleased to launch this strategic collaboration, which brings together Swiss Re's expertise and capabilities with RIQ’s innovation capacity, to establish a strong foundation for an advanced, data-driven insurance ecosystem. This will help support sustainable economic growth and reinforce Abu Dhabi’s position as a leading global centre for advanced and innovative solutions in risk management and reinsurance."
Mark Wilson, Chief Executive Officer at RIQ added: "Swiss Re brings unparalleled expertise and a shared belief in what reinsurance can become when capital, data, and technology converge. Together, we aim to accelerate the development of AI-native infrastructure and structured reinsurance solutions tailored to the evolving needs of the market."
Swiss Re is among the world’s largest providers of reinsurance services with around 70 offices worldwide. Founded in Zurich in 1863, it offers products ranging from natural catastrophe coverage to cyber crime protection.
RIQ received In-Principle Approval from the Financial Services Regulatory Authority (FSRA) of ADGM earlier this year—a regulatory milestone that allows it to move toward full operational readiness. The company aims to serve global markets with an initial focus on high-growth regions including the Middle East and Asia.
The press release was updated on December 11th to include remarks from Dr. Sultan Ahmed Al Jaber.