Abu Dhabi-based IHC, a listed global investment company, has named its global reinsurance platform in ADGM (Abu Dhabi Global Market) as Reinsurance Intelligence Quotient (RIQ).
The AI-native reinsurance platform was launched in partnership with the global investment firm BlackRock and Abu Dhabi-headquartered alternative investment manager, Lunate.
Supported by over $1bn in initial equity commitments and targeting over $10bn in liabilities, RIQ is positioned to transform the regional and global reinsurance landscape.
The unveiling of the brand marks a significant milestone and underscores the collective ambition of IHC, BlackRock, and Lunate to redefine the global insurance landscape through innovation, scale, and strategic collaboration.
RIQ represents the fusion of human expertise and advanced artificial intelligence to establish a new benchmark in global reinsurance. The new platform has been established to serve as a next-generation reinsurance entity purpose-built for the future of global risk transfer. The opportunities presented by AI in risk selection, cost management and customer service are central to the RIQ strategy. With a strong regional anchor and global aspirations, RIQ will deliver innovative insurance solutions tailored to the needs of clients across Property and Casualty (P&C), Life, and specialised segments, with an initial focus on high-growth markets.
IHC also announced the formation of RIQ’s board of directors under the chairmanship of Dr Sultan Ahmed Al Jaber, bringing together a distinguished group of leaders from across the insurance, finance, and technology sectors. Mr Mark Wilson is CEO of RIQ.
RIQ is currently progressing through final regulatory steps with the Financial Services Regulatory Authority (FSRA) of ADGM, as it prepares for full operational readiness and global engagement.