Swiss Re and RIQ have teamed as much as develop and increase AI-enabled reinsurance options, capability choices and danger origination initiatives inside the United Arab Emirates (UAE).
The partnership was formalised by a memorandum of understanding (MoU).
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It can additionally have a look at wider alternatives for collaboration over the medium and long run.
Using AI in reinsurance is anticipated to enhance accuracy in underwriting, capability use and funding processes.
RIQ was arrange by funding agency IHC in partnership with BlackRock and Lunate, and started operations in June 2025.
Based mostly at Abu Dhabi World Market (ADGM), RIQ is making a reinsurance platform that makes use of AI and superior analytics to refine danger analysis, allocation of capability and funding administration for shoppers.
RIQ CEO Mark Wilson mentioned: “Swiss Re brings unparalleled experience and a shared perception in what reinsurance can turn out to be when capital, information and know-how converge. Collectively, we purpose to speed up the event of AI-native infrastructure and structured reinsurance options tailor-made to the evolving wants of the market.”
RIQ’s choices will embrace reinsurance companies for property and casualty, life insurance coverage and particular specialist strains. The corporate’s focus is on integrating clever danger evaluation into its operations.
Swiss Re Group CEO Andreas Berger mentioned: “This collaboration builds on Swiss Re’s deep danger experience, robust information basis and early adoption of AI. Along with RIQ, we purpose to understand an AI-native reinsurance platform and additional strengthen our engagement on this dynamic area.
“By combining our joint capabilities with the area’s robust innovation drive and vibrant insurance coverage market, we will discover novel risk-transfer devices, creating new methods to help our shoppers by peak dangers.”
Not too long ago, Swiss Re introduced its monetary aims for 2026, which embrace a goal of $4.5bn (SFr3.61bn) in group web revenue.
To help these targets, Swiss Re plans to increase the appliance of AI throughout features like underwriting, claims processing and information administration.
