Swiss Re and Reinsurance Intelligence Quotient (RIQ) have signed a Memorandum of Understanding (MoU) to develop and scale innovative capacity solutions, risk origination opportunities and AI-enabled capabilities across the UAE.
The firm is building an AI-native reinsurance platform that integrates AI and advanced analytics to improve underwriting accuracy, capacity deployment, and investment management.
Announced during Abu Dhabi Finance Week, the new agreement will see RIQ and Swiss RE jointly develop new capacity solutions and explore broader areas of collaboration over the medium and long term.
Swiss Re’s Group Chief Executive Officer Andreas Berger commented on the MoU, “This collaboration builds on Swiss Re’s deep risk expertise, strong data foundation and early adoption of AI.
“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 Chief Executive Officer, Mark Wilson, said, “Swiss Re brings unparalleled expertise and a shared belief in what reinsurance can become when capital, data, and technology converge. Together, we aim to accelerate the development of AI-native infrastructure and structured reinsurance solutions tailored to the evolving needs of the market.”
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 enhancing the efficiency, resilience, and adaptability of global systems.
“We are pleased to launch this strategic collaboration, which brings together Swiss Re’s expertise and capabilities with RIQ’s innovation capacity, to establish a strong foundation for an advanced, data-driven insurance ecosystem. This will help support sustainable economic growth and reinforce Abu Dhabi’s position as a leading global center for advanced and innovative solutions in risk management and reinsurance.”
Charles Hatami, Senior Managing Director, Global Head of Financial and Strategic Investors Group, BlackRock, added, “We are excited about the continued momentum of RIQ’s next-generation platform.
“By bringing together our investment management capabilities and Swiss Re’s deep industry expertise, RIQ helps accelerate the development of Abu Dhabi’s capital markets, supporting growth throughout the region.”
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