Swiss Re and RIQ collaborate on AI-driven reinsurance solutions in UAE

Swiss Re and RIQ have teamed up to develop and expand AI-enabled reinsurance solutions, capacity options and risk origination initiatives within the United Arab Emirates (UAE). The partnership was formalised through a memorandum of understanding (MoU). It will also look at wider opportunities for collaboration over the medium and long term. The use of AI in reinsurance is expected to improve accuracy in underwriting, capacity use and investment processes. RIQ was set up by investment firm IHC in partn ...