Global reinsurance giant Swiss Re and Abu Dhabi-headquartered AI-native reinsurance platform RIQ have teamed up to develop innovative capacity solutions, risk origination opportunities and AI-enabled capabilities across the UAE.
A media release from Swiss Re on 10 December said that the two sides have signed a Memorandum of Understanding (MoU), under which the two will collaborate on developing capacity solutions and explore broader areas of cooperation over the medium and long term.
Swiss Re's Group CEO, Andreas Berger, said, “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.”
RIQ's CEO, Mark Wilson, added, “We aim to accelerate the development of AI-native infrastructure and structured reinsurance solutions tailored to the evolving needs of the market.”
RIQ was launched in June 2025 by global investment company IHC, in partnership with BlackRock and Lunate. Headquartered in the Abu Dhabi Global Market (ADGM), RIQ is building an AI-native reinsurance platform that integrates AI and advanced analytics to improve underwriting accuracy, capacity deployment, and investment management.