Swiss Re and RIQ Collaborate on AI-Powered Reinsurance Solutions in UAE

Swiss Re and RIQ have established a strategic partnership to develop AI-enhanced reinsurance solutions within the UAE market, formalized through a memorandum of understanding (MoU). This collaboration aims to leverage advanced analytics and AI technologies to optimize underwriting accuracy, capacity utilization, and investment strategies in the reinsurance sector. RIQ, a reinsurance platform founded by investment firm IHC in cooperation with BlackRock and Lunate, operates from Abu Dhabi Global Market and focuses on intelligent risk assessment across property and casualty, life insurance, and specialist lines. The partnership is positioned to explore innovative risk-transfer mechanisms tailored to the dynamic insurance market in the region, reflecting Swiss Re's commitment to integrating AI deeply into its business processes. Swiss Re’s CEO Andreas Berger highlighted the initiative as a step towards creating an AI-native reinsurance platform that strengthens presence in a high-growth market. Additionally, Swiss Re’s strategic objectives for 2026 include expanding AI applications across underwriting, claims, and data management to bolster financial performance and operational efficiency. The alliance signals growing industry momentum towards AI-driven transformation and data-centric risk evaluation in reinsurance, particularly within emerging insurance markets like the UAE.