RIQ and Swiss Re have signed a Memorandum of Understanding to co-develop and scale reinsurance capacity solutions, risk-origination opportunities and AI-enabled capabilities centred on the United Arab Emirates, the companies said as the agreement was announced during Abu Dhabi Finance Week. According to the original report, the MoU positions Abu Dhabi as a focal point for combining traditional reinsurance balance-sheet strength with technology-led risk selection and structuring. [1][2][3][4][5][6]

RIQ, headquartered in the Abu Dhabi Global Market (ADGM) and launched in June 2025 by International Holding Company (IHC) in partnership with BlackRock and Lunate, is building what it describes as an "AI-native reinsurance platform" that integrates artificial intelligence and advanced analytics to improve "underwriting accuracy, capacity deployment, and investment management that is optimized for clients." Industry coverage notes the platform aims to connect regional capital markets with global risk-transfer expertise. [1][2][3][5][6]

The collaboration is framed as mutually reinforcing: Swiss Re brings decades of risk expertise and data foundations, while RIQ offers capacity and an ambition to operationalise AI-native infrastructure in the region. The company statements say the partners will explore "risk transfer solutions, institutional investment vehicles and additional pathways for value creation," with an eye to supporting Abu Dhabi's emergence as a strategic centre for global risk transfers. [1][2][4]

Senior figures emphasised both the strategic and technological ambitions behind the pact. Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of RIQ, said artificial intelligence is "one of the major global trends driving economic transformation" and that the collaboration would help establish a "foundation for a data-driven insurance ecosystem" to support sustainable economic growth and "reinforce Abu Dhabi's position as a global center for solutions in risk management and reinsurance." The remarks were made at the announcement during Abu Dhabi Finance Week. [1][3][5]

Mark Wilson, CEO of RIQ, said Swiss Re brings expertise and a shared belief in what reinsurance can "become when capital, data, and technology converge," and 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, said the collaboration builds on Swiss Re's "risk expertise, strong data foundations, and early adoption of AI" and that the companies together "aim to realise an AI-native reinsurance platform and further strengthen our engagement in this dynamic region." Those comments were included in the joint announcements and press material. [1][2][3]

BlackRock, an investor partner in RIQ, flagged the arrangement's potential capital-markets implications. Charles Hatami, Senior Managing Director and Global Head of Financial and Strategic Investors Group at BlackRock, said he was pleased "about the continued momentum of RIQ’s next-generation platform" and that combining investment-management capabilities with Swiss Re's industry expertise would help "accelerate the development of Abu Dhabi's capital markets, supporting growth throughout the region." [1][6]

The MoU sets a framework for medium- and long-term cooperation rather than immediate product rollouts: press statements and industry reporting describe a phased approach to building capacity solutions, testing AI-enabled underwriting and analytics, and exploring institutional vehicles for risk transfer and investment. According to the announcement, RIQ is advancing toward full operational readiness and the agreement with Swiss Re is a "critical step in mobilizing expertise and technology to deliver the next gen of risk solutions." [2][4][5]

##Reference Map:

  • [1] (Crowdfund Insider) - Paragraph 1, Paragraph 2, Paragraph 4, Paragraph 5, Paragraph 6, Paragraph 7
  • [2] (Swiss Re press release) - Paragraph 1, Paragraph 2, Paragraph 3, Paragraph 7
  • [3] (ADGM announcement) - Paragraph 1, Paragraph 2, Paragraph 4, Paragraph 5
  • [4] (Insurance Business) - Paragraph 1, Paragraph 3, Paragraph 7
  • [5] (The National) - Paragraph 1, Paragraph 2, Paragraph 4, Paragraph 7
  • [6] (Emirates7) - Paragraph 2, Paragraph 5

Source: Noah Wire Services