ADNOC And RIQ Forge $500 Million AI-Powered Reinsurance Collaboration For Global Risk Management

RIQ, a reinsurance platform designed for future global risk transfer, has formed a strategic partnership with ADNOC. This collaboration aims to allocate over US$500 million in risk coverage within the next ten years. RIQ, launched by International Holding Company (IHC) with BlackRock and Lunate, is based in ADGM and offers comprehensive reinsurance solutions.

Under this agreement, RIQ will work closely with ADNOC to create efficient capital coverage for complex operational and climate-related risks. The platform uses advanced data modelling, AI-enhanced underwriting, and analytics to address the sophisticated demands of the risk landscape. This approach ensures that RIQ can provide tailored solutions to meet evolving industry needs.

The collaboration with ADNOC, along with RIQ's alliance with IHC, sets a path for over US$1 billion in reinsurance premiums through RIQ’s platform over the next decade. These partnerships highlight Abu Dhabi's emergence as a global reinsurance hub by integrating intelligent capital, technology, and structured risk solutions. This development positions Abu Dhabi at the forefront of the reinsurance industry.

Ahmad Khalfan Al Mansoori, Chairman of ADNOC Re., stated, "This partnership will enhance ADNOC’s operational resilience by tailoring reinsurance solutions to evolving industrial and climate risks. Leveraging RIQ’s AI-powered platform will strengthen our risk management capabilities and ensure continuity in a complex energy landscape."

Future Plans and Authorisation

RIQ is progressing through its regulatory process towards formal authorisation as a reinsurer. Mark Wilson, CEO of RIQ, expressed enthusiasm about the collaboration: "We are honoured to collaborate with ADNOC, an organisation renowned for its ambition and long-term vision. Together with our recent partnership with IHC, this alliance brings together cutting-edge technology, strategic capital, and domain expertise to redefine global reinsurance from Abu Dhabi outward. These relationships signal a bold step in building the reinsurance platform of the future."

RIQ plans further strategic updates as it advances its global buy-and-build strategy. With more than US$1 billion in equity commitments from IHC and partners BlackRock and Lunate, RIQ aims to write US$10 billion annually. Anchored in AI-native infrastructure, it seeks to transform reinsurance through intelligence, scale, and strategic discipline.

This initiative marks a significant shift towards innovative risk management solutions in Abu Dhabi's growing reinsurance sector.

With inputs from WAM