RIQ And Swiss Re Partner To Develop AI-Driven Reinsurance Solutions In The UAE

RIQ and Swiss Re have entered into a Memorandum of Understanding (MoU) to enhance innovative capacity solutions and AI-driven capabilities in the UAE. This collaboration aims to improve risk origination opportunities across the region. RIQ, based in Abu Dhabi Global Market, is developing an AI-focused reinsurance platform to boost underwriting accuracy and investment management. The MoU was signed during Abu Dhabi Finance Week with key figures present.

The agreement was formalised by Mark Wilson, CEO of RIQ, and Andreas Berger, Group CEO of Swiss Re. It sets a framework for strategic initiatives in capacity, risk, and technology. This partnership strengthens Swiss Re’s involvement in the UAE, aligning with its focus on high-quality risk origination and long-term market engagement. The collaboration also explores advanced risk transfer solutions and institutional investment vehicles.

Dr. Sultan Ahmed Al Jaber highlighted the importance of artificial intelligence in economic transformation. He stated: "Artificial intelligence is one of the major global trends driving economic transformation. It is a key engine for enhancing the efficiency, resilience, and adaptability of global systems." This collaboration aims to establish a data-driven insurance ecosystem supporting sustainable growth and reinforcing Abu Dhabi’s position as a hub for advanced solutions.

Mark Wilson emphasised the shared vision with Swiss Re: "Swiss Re brings unparalleled expertise and a shared belief in what reinsurance can become when capital, data, and technology converge." The goal is to accelerate AI-native infrastructure development tailored to market needs. This partnership marks a significant step towards mobilising global expertise for next-generation risk solutions.

Andreas Berger commented on the collaboration's potential: "This collaboration builds on Swiss Re’s deep risk expertise, strong data foundations, and early adoption of AI." By combining capabilities with regional innovation, they aim to explore new risk-transfer instruments supporting clients through peak risks. This initiative reinforces Abu Dhabi's role as a strategic centre for global risk transfers.

The MoU underscores RIQ’s commitment to creating a globally connected reinsurance platform anchored in Abu Dhabi. As RIQ moves toward full operational readiness, this partnership is crucial for delivering advanced technology-driven risk solutions. The collaboration aligns with RIQ's mission to build a robust foundation for an innovative insurance ecosystem.

Enhancing Capital Markets

Charles Hatami expressed enthusiasm about RIQ’s platform development: "We are excited about the continued momentum of RIQ’s next-generation platform." By integrating investment management capabilities with Swiss Re’s industry expertise, RIQ supports the growth of Abu Dhabi’s capital markets. This initiative aims to foster regional economic expansion through enhanced financial infrastructure.

This partnership between RIQ and Swiss Re represents a pivotal moment in advancing AI-enabled reinsurance solutions within the UAE. By leveraging combined expertise and resources, both entities aim to drive innovation and efficiency in risk management practices across the region.

With inputs from WAM