Swiss Re has signed a Memorandum of Understanding (MoU) with RIQ to jointly develop advanced capacity solutions, risk origination opportunities and AI-enabled capabilities across the United Arab Emirates.
The collaboration marks a significant step in accelerating the development of next-generation reinsurance infrastructure in one of the world’s fastest-growing insurance markets, according to FF News.
Under the MoU, Swiss Re and RIQ will work together to develop innovative capacity solutions and explore a broader set of long-term collaboration opportunities. The aim is to combine Swiss Re’s global reinsurance expertise with RIQ’s AI-first architecture to help modernise risk transfer and support regional clients.
Swiss Re Group Chief Executive Officer Andreas Berger said the partnership builds on the firm’s long-standing focus on data and technology. “This collaboration builds on Swiss Re’s deep risk expertise, strong data foundation and early adoption of AI. Together with RIQ, we aim to realise an AI-native reinsurance platform and further strengthen our engagement in this dynamic region. By combining our joint capabilities with the region’s strong innovation drive and vibrant insurance market, we can explore novel risk-transfer instruments, creating new ways to support our clients through peak risks.”
RIQ CEO Mark Wilson said the initiative reflects a shared vision for the future of reinsurance. “Swiss Re brings unparalleled expertise and a shared belief in what reinsurance can become when capital, data and technology converge. Together, we aim to accelerate the development of AI-native infrastructure and structured reinsurance solutions tailored to the evolving needs of the market.”
The agreement positions both organisations to play a leading role in shaping the UAE’s evolving insurance and reinsurance ecosystem, where digital transformation, AI acceleration and regulatory innovation are driving demand for more sophisticated risk-transfer tools.
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