ADNOC, an AI-native reinsurance platform and subsidiary of International Holding Company (IHC), has partnered with RIQ, a diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi, to collaborate on a long-term reinsurance strategy targeting USD 500 million in risk transfer over the next decade.

RIQ, the platform launched earlier this year by IHC in partnership with BlackRock and Lunate, will be based in ADGM and will offer a full suite of reinsurance solutions.

Ahmad Khalfan Al Mansoori, Chairman of ADNOC Re, said: “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 our risk management capabilities and ensure continuity in a complex energy landscape.”

Under this agreement, RIQ will work closely with ADNOC to structure capital-efficient coverage across complex operational, climate-related, and specialty risk classes.

The platform will leverage advanced data modelling, AI-augmented underwriting, and deep analytics to address the challenges of an increasingly complex risk environment.

This collaboration with ADNOC, coupled with RIQ’s recent strategic alliance with IGC, is projected to generate over USD 1 billion in reinsurance premiums through RIQ’s platform over the next decade.

RIQ is currently undergoing the regulatory process to obtain formal authorisation as a reinsurer.

Mark Wilson, CEO of RIQ, commented: “We are honoured to collaborate with ADNOC, an organization renowned for its ambition and long-term vision. Together with our recent partnership with IHC, this alliance brings together cutting-edge technology, strategic capital, and domain expertise to redefine global reinsurance from Abu Dhabi outward. These relationships signal a bold step in building the reinsurance platform of the future.’’

With over USD 1 billion in equity commitments from IHC, BlackRock and Lunate, RIQ is set to unveil further strategic updates in the coming month as it implements its global buy-in-build strategy.

Anchored in AI-native infrastructure, RIQ aims to write $10 billion annually, leveraging intelligence, scale, and strategic discipline.