Abu dhabi: RIQ, the AI-native reinsurance platform designed for the future of global risk transfer and a subsidiary of International Holding Company (IHC), has entered into a strategic collaboration agreement with ADNOC to develop a preferred reinsurance partnership targeting an allocation of over $500 million in risk coverage within the coming decade. RIQ, launched earlier this year by IHC in partnership with BlackRock and Lunate, will be based in ADGM and will offer a comprehensive suite of reinsurance solutions.
According to Emirates News Agency, RIQ will work closely with ADNOC under this agreement to structure capital-efficient coverage across complex operational, climate-related, and specialty risk classes. The platform will leverage advanced data modeling, AI-augmented underwriting, and deep analytics to address the demands of an increasingly sophisticated risk landscape.
This collaboration with ADNOC, combined with RIQ's recent strategic alliance with IHC, creates a collective trajectory of over $1 billion in reinsurance premiums committed through RIQ's platform over the coming decade. These partnerships underscore Abu Dhabi's ascent as a next-generation global reinsurance hub, merging intelligent capital, technology, and structured risk solutions.
RIQ is currently advancing through its regulatory process as it moves toward formal authorization as a reinsurer. Ahmad Khalfan Al Mansoori, Chairman of ADNOC Re., stated that this partnership will enhance ADNOC's operational resilience by tailoring reinsurance solutions to evolving industrial and climate risks. Leveraging RIQ's AI-powered platform will strengthen their risk management capabilities and ensure continuity in a complex energy landscape.
Mark Wilson, CEO of RIQ, expressed honor in collaborating with ADNOC, a reputed organization known for its ambition and long-term vision. Together with the recent partnership with IHC, this alliance combines cutting-edge technology, strategic capital, and domain expertise to redefine global reinsurance from Abu Dhabi outward. These relationships mark a significant step in building the reinsurance platform of the future.
Additional strategic updates are expected in the coming months as RIQ executes its global buy-and-build strategy. With over $1 billion in equity commitments from IHC and strategic partners BlackRock and Lunate, and anchored in AI-native infrastructure, RIQ aims to ultimately write $10 billion per year, redefining the future of reinsurance through intelligence, scale, and strategic discipline.