IHC Unveils Reinsurance Intelligence Quotient (RIQ) As New Global Reinsurance Platform

IHC has introduced the Reinsurance Intelligence Quotient (RIQ), a new global reinsurance platform based in Abu Dhabi Global Market. This launch is a key step for IHC, BlackRock, and Lunate, aiming to reshape the insurance sector through innovation and collaboration. RIQ combines human expertise with advanced AI to set a new standard in reinsurance, focusing on future global risk transfer.

RIQ's strategy leverages AI for improved risk selection, cost management, and customer service. It aims to provide innovative insurance solutions in Property and Casualty (P&C), Life, and specialised areas, initially targeting high-growth markets. The platform is designed to meet the evolving needs of clients worldwide while maintaining a strong regional presence.

The Board of Directors for RIQ has been formed under Dr. Sultan Ahmed Al Jaber's leadership. This board features prominent figures from insurance, finance, and technology sectors such as Mohamed Hassan Alsuwaidi, Syed Basar Shueb, Sofia Abdellatif Lasky, and Mark Wilson. Their combined expertise will guide RIQ's strategic direction.

Dr. Sultan Ahmed Al Jaber stated that RIQ represents a bold move towards shaping the future of global insurance. He emphasised that RIQ aims to be a trusted reinsurance leader connecting global capital with high-growth markets from Abu Dhabi’s financial centre.

RIQ is finalising regulatory approvals with ADGM's Financial Services Regulatory Authority to achieve full operational readiness. With over US$1 billion in initial equity commitments and targeting liabilities exceeding US$10 billion, RIQ is poised to impact both regional and global reinsurance landscapes significantly.

Syed Basar Shueb highlighted that RIQ embodies IHC’s vision of investing in the next frontier of financial services. Supported by AI technology, substantial capital, and strategic partnerships, RIQ aims to enhance the insurance and capital markets ecosystem regionally and globally.

AI-Driven Innovation and Future Plans

Mark Wilson expressed pride in launching RIQ, noting its commitment to building an AI-native reinsurance company capable of leading in a rapidly changing world. The board’s experience and strategic alliances provide a solid foundation for sustainable growth on a global scale.

As RIQ moves towards operational readiness, it plans to expand capabilities by investing in top-tier talent and pursuing selective partnerships. Continued support from BlackRock and Lunate will help deliver long-term value to clients, shareholders, and the broader market.

The official launch of RIQ marks the beginning of a transformative journey in global reinsurance. By integrating AI infrastructure with deep capital reserves and strategic insights, RIQ is well-positioned to address evolving global risks while reinforcing Abu Dhabi’s role as a hub for next-generation financial services.

With inputs from WAM