International Holding Company (IHC) has officially named its new global reinsurance platform Reinsurance Intelligence Quotient (RIQ). Headquartered in Abu Dhabi Global Market (ADGM), the platform was launched last month as part of a strategic partnership between IHC, BlackRock, and Lunate. This collaboration targets innovation, scale, and collaboration to transform the insurance sector.
RIQ integrates artificial intelligence with human expertise to provide advanced risk transfer solutions on a global scale. Its AI-native infrastructure focuses on improving underwriting accuracy, capital deployment, and real-time decision-making.
RIQ’s Role in Reinsurance
The platform offers reinsurance solutions across Property and Casualty (P&C), Life, and specialised segments, initially concentrating on high-growth markets. AI plays a key role in enhancing risk selection, cost efficiency, and client service quality.
The company is progressing through the final regulatory stages with the Financial Services Regulatory Authority (FSRA) of ADGM, preparing for a full operational launch.
Leadership and Vision
RIQ’s Board of Directors is chaired by Dr Sultan Ahmed Al Jaber and includes Mohamed Hassan Alsuwaidi, Syed Basar Shueb, Sofia Abdellatif Lasky, and Mark Wilson.
Dr Al Jaber commented, “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.”
Syed Basar Shueb, CEO of IHC and RIQ board member, stated, “RIQ is the embodiment of IHC’s vision to invest in the next frontier of global financial services.” Mark Wilson, CEO of RIQ, added, “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 changing environment.”
Financial Backing and Ambitions
RIQ is supported by more than $1 billion in initial equity commitments and targets over $10 billion in liabilities. Backers expect the platform to impact regional and global reinsurance markets significantly.
Looking ahead, RIQ plans to expand its team, pursue selective partnerships, and broaden its global capabilities with ongoing support from BlackRock and Lunate.
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