Swiss Re and Reinsurance IQ (RIQ) have signed a memorandum of understanding (MoU) to develop and expand innovative capability solutions, risk origination opportunities and artificial intelligence-powered capabilities across the UAE.
Headquartered in Abu Dhabi Global Market (ADGM), RIQ was launched in June 2025 by global investment firm IHC in partnership with BlackRock and Lunate.
The company is building an AI-native reinsurance platform that integrates artificial intelligence and advanced analytics to improve underwriting accuracy, capacity deployment and investment management.
The new agreement, announced during Abu Dhabi Financial Week, will see RIQ and Swiss Re jointly develop new capacity solutions and explore wider areas of collaboration in the medium to long term.
Andreas Berger, Swiss Re Group CEO, commented on the MoU: “This collaboration builds on Swiss Re’s deep risk expertise, strong data foundation and early adoption of artificial intelligence.
“Together with RIQ, we aim to build an AI-native reinsurance platform and further strengthen our participation in this dynamic region. By combining our combined capabilities with the region’s strong innovation drive and dynamic insurance market, we can explore novel risk transfer tools and create new ways to support our clients through peak risks.”
Mark Wilson, CEO of RIQ, said: “Swiss Re brings unparalleled expertise and a shared belief in reinsurance when capital, data and technology converge. Together, we aim to accelerate the development of AI-native infrastructure and structured reinsurance solutions to meet changing market needs.”
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of RIQ, noted: “Artificial intelligence is one of the major global trends driving economic transformation. It is a key engine for improving the efficiency, resilience and adaptability of global systems.
“We are delighted to launch this strategic collaboration, which combines Swiss Re’s expertise and capabilities with RIQ’s innovation capabilities to create a strong foundation for an advanced, data-driven insurance ecosystem. This will help support sustainable economic growth and solidify Abu Dhabi’s position as a leading global center for advanced and innovative solutions in risk management and reinsurance.”
Charles Hatami, senior managing director and global head of the Financial and Strategic Investors Group at BlackRock, added: “We are excited about the continued momentum of RIQ’s next-generation platform.
“By combining our investment management capabilities with Swiss Re’s deep industry expertise, RIQ helps accelerate the development of Abu Dhabi’s capital markets and support growth across the region.”
