IHC, the UAE-based global investment company focused on building dynamic value networks, has officially launched Reinsurance Intelligence Quotient (RIQ) — its new global reinsurance platform based in the Abu Dhabi Global Market (ADGM), the international financial centre in the capital of the UAE.
The announcement marks a key milestone following last month’s reveal of the initiative, reinforcing the shared vision of IHC, BlackRock, and Lunate to revolutionize the global insurance sector through innovation, scale, and strategic collaboration.
RIQ embodies a next-generation reinsurance model that merges human expertise with advanced artificial intelligence. Purpose-built to redefine global risk transfer, RIQ aims to set a new standard in reinsurance, with AI playing a central role in enhancing risk selection, optimizing costs, and improving client service delivery.
Headquartered in ADGM, RIQ will serve clients globally with a particular focus on high-growth markets. The platform will offer innovative and customized reinsurance solutions across Property & Casualty (P&C), Life, and other specialized segments.
RIQ’s Board of Directors has also been formally constituted, chaired by Dr. Sultan Ahmed Al Jaber. It includes esteemed leaders from across finance, insurance, and technology: Mohamed Hassan Alsuwaidi, Syed Basar Shueb, Sofia Abdellatif Lasky, and Mark Wilson.
Dr. Sultan Ahmed Al Jaber, Chairman of RIQ, stated:
“With the unveiling of RIQ, we take a bold step toward shaping the future of global insurance. 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.”
RIQ is currently undergoing final regulatory approvals with the Financial Services Regulatory Authority (FSRA) of ADGM and is progressing steadily toward full operational readiness. Its AI-native infrastructure is designed to deliver real-time insights, increase underwriting accuracy, and enable optimal capital allocation.
Syed Basar Shueb, CEO of IHC and Board Member of RIQ, commented:
“RIQ is the embodiment of IHC’s vision to invest in the next frontier of global financial services. Backed by AI, robust capital, and strategic alignment with world-class partners, RIQ is set to elevate the insurance and capital markets ecosystem across the region and beyond.”
RIQ is backed by over US$1 billion in initial equity commitments and aims to underwrite more than US$10 billion in liabilities, positioning itself as a transformative force in both regional and international reinsurance markets.
Mark Wilson, CEO of RIQ, added:
“We are proud to officially launch RIQ. Our new name signals our long-term commitment to building a high-performance, AI-native reinsurance company with the scale and agility to lead in a rapidly changing world. Our board’s collective experience and our strategic partnerships provide an exceptional foundation for sustainable global growth.”
With this official launch, IHC and its partners are setting the stage for a decisive shift in the global insurance landscape. RIQ’s model integrates cutting-edge AI infrastructure, deep financial reserves, and expert leadership to meet the evolving demands of global risk and innovation, further strengthening Abu Dhabi’s role as a hub for next-generation financial services.
As it prepares for full-scale operations, RIQ plans to expand its talent base, deepen its technological capabilities, and pursue selective partnerships, with continued support from BlackRock and Lunate, to deliver long-term value for clients, shareholders, and the broader market.
–Input WAM
