ADNOC and RIQ forge reinsurance partnership

Abu Dhabi National Oil Company (ADNOC), one of the UAE’s largest oil producers, has entered into a strategic partnership with RIQ, an AI-powered reinsurance platform.

The agreement aims to provide over 500 million USD in risk coverage over the next decade. RIQ will collaborate closely with ADNOC to design reinsurance solutions tailored to complex operational and climate-related risks.

The platform will harness advanced data modeling, AI-driven underwriting, and deep analytics to navigate an increasingly complex risk landscape.

RIQ was launched in May 2025 by International Holding Company (IHC), in partnership with asset management firms BlackRock and Lunate.