Tuesday, 02 January 2024 12:17 GMT

ADNOC Secures $500 Million AI-Driven Reinsurance Pact


(MENAFN- The Arabian Post) decoding="async" alt="" border="0" width="320" data-original-height="667" data-original-width="1000" src="https://womenstabloid.com/wp-content/uploads/2025/09/ADNOC-and-RIQ-1024x683.jpg" onerror="this.onerror=null;this.src='https://thearabianpost.com/assets/aparab-news-post.jpg?v3';" />

Abu Dhabi National Oil Company has entered an agreement with RIQ to secure over $500 million in risk coverage across the next ten years. The AI-driven reinsurance platform, backed by International Holding Company, will work closely with ADNOC to structure capital-efficient protection tailored to complex operational, climate-related and specialty risks using advanced modelling and AI-augmented underwriting. ADNOC Secures $500 Million AI-Driven Reinsurance Pact embodies this forward-looking collaboration and underscores Abu Dhabi's ambition to emerge as a global hub for reinsurance innovation.

The deal forms part of a broader strategic trajectory: RIQ, launched earlier in 2025 by IHC alongside BlackRock and Lunate at Abu Dhabi Global Market, is already positioned to generate over $1 billion in reinsurance premiums when considering its existing alliances. The platform aims to expand exponentially, targeting $10 billion in annual underwriting volume once fully operational.

This alliance is designed to strengthen ADNOC's operational resilience by delivering bespoke insurance solutions that reflect evolving industrial and environmental challenges. Ahmad Khalfan Al Mansoori, chairman of ADNOC Re, emphasised that leveraging RIQ's AI-powered capabilities will bolster risk-management strength and ensure continuity amid a complex energy landscape.

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