International Holding Company (IHC), a global investment firm, has announced the official launch of Reinsurance Intelligence Quotient (RIQ), a reinsurance platform based in Abu Dhabi Global Market (ADGM).

This follows an earlier announcement and reflects the joint efforts of IHC, BlackRock, and Lunate to expand in the global insurance sector through the use of technology and strategic collaboration.

RIQ integrates AI with sector expertise to offer reinsurance solutions across Property and Casualty (P&C), Life, and specialised segments, beginning with high-growth markets.

The platform aims to enhance risk selection, cost efficiency, and service delivery by leveraging AI-driven tools.

The company has formed a Board of Directors chaired by Dr Sultan Ahmed Al Jaber. The board includes H.E. Mohamed Hassan Alsuwaidi, Syed Basar Shueb, Sofia Abdellatif Lasky, and Mark Wilson.

RIQ is currently finalising regulatory requirements with the Financial Services Regulatory Authority (FSRA) of ADGM.

Supported by over US$1 billion in initial equity commitments and targeting over US$10 billion in liabilities, RIQ is structured to operate as an AI-native platform.

Its capabilities include real-time data analysis, underwriting improvements, and capital deployment strategies.

Syed Basar Shueb, CEO of IHC and RIQ board member, added:

“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.”

As RIQ moves towards full operations, it plans to expand its technical capabilities, grow its workforce, and develop selected partnerships with the continued support of BlackRock and Lunate.

Featured image credit: Edited by Fintech News Middle East, based on image by Freepik