A new player in the global reinsurance sector is preparing to begin operations out of Abu Dhabi. Reinsurance Intelligence Quotient (RIQ), a platform developed through a partnership involving Investment Holding Company (IHC), BlackRock, and Lunate, has been formally launched at the Abu Dhabi Global Market (ADGM), the international financial center of the UAE capital.
RIQ is designed as an AI-native reinsurance platform integrating technology and human expertise to deliver real-time risk analysis, capital management, and underwriting services.
It will offer solutions across property and casualty (P&C), life, and specialized insurance segments, with an initial focus on high-growth markets.
The company is backed by over $1 billion in equity commitments and is targeting more than $10 billion in liabilities. Final regulatory approvals from the Financial Services Regulatory Authority (FSRA) of ADGM are underway as RIQ moves toward full operational readiness.
Dr. Sultan Ahmed Al Jaber has been named chairman of the board, which includes Mohamed Hassan Alsuwaidi, Syed Basar Shueb, Sofia Abdellatif Lasky, and CEO Mark Wilson. The directors represent a range of expertise across the insurance, financial, and technology sectors.
According to Al Jaber, the platform is intended to connect global capital with reinsurance markets through a tech-enabled approach operating out of Abu Dhabi. “RIQ reflects our ambition to build a trusted, tech-forward reinsurance champion that connects global capital with high-growth markets, all from the heart of Abu Dhabi’s thriving financial center.”
Shueb, CEO of IHC and a board member of RIQ, described the launch as part of IHC’s strategy in financial services, involving AI, international collaboration, and capital investment.
Wilson said the launch of RIQ introduces a long-term commitment to building a reinsurance company capable of adapting to evolving global risk dynamics.
“Our board’s collective experience and our strategic partnerships provide an exceptional foundation for sustainable global growth,” Wilson said.
RIQ’s AI infrastructure is expected to support underwriting precision, real-time decision-making, and resource optimization. The company will focus on building capacity by hiring insurance and technology professionals, developing risk models, and forming targeted partnerships as operations begin.
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