Swiss Re and RIQ have teamed up to develop and expand AI-enabled reinsurance solutions, capacity options and risk origination initiatives within the United Arab Emirates (UAE).
The partnership was formalised through a memorandum of understanding (MoU).
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
It will also look at wider opportunities for collaboration over the medium and long term.
The use of AI in reinsurance is expected to improve accuracy in underwriting, capacity use and investment processes.
RIQ was set up by investment firm IHC in partnership with BlackRock and Lunate, and began operations in June 2025.
Based at Abu Dhabi Global Market (ADGM), RIQ is creating a reinsurance platform that uses AI and advanced analytics to refine risk evaluation, allocation of capacity and investment management for clients.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataRIQ CEO 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.”
RIQ’s offerings will include reinsurance services for property and casualty, life insurance and specific specialist lines. The company’s focus is on integrating intelligent risk assessment into its operations.
Swiss Re Group CEO Andreas Berger said: “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.”
Recently, Swiss Re announced its financial objectives for 2026, which include a target of $4.5bn (SFr3.61bn) in group net income.
To support these goals, Swiss Re plans to expand the application of AI across functions like underwriting, claims processing and data management.
