RIQ and Masdar to co-develop reinsurance solutions for global energy transition

RIQ, an artificial intelligence (AI)-native reinsurance platform and subsidiary of International Holding Company (IHC), has signed a memorandum of understanding (MoU) with Abu Dhabi Future Energy Company (Masdar), a provider of clean energy, to co-develop advanced reinsurance solutions for complex risks in global energy transformation.

The collaboration will explore embedding dedicated reinsurance capacity into Masdar’s global insurance programs.

This aims to enhance insurance outcomes and support scalable and sustainable growth by improving coverage and capital efficiency, while bringing better pricing across its rapidly expanding portfolio.

Additionally, the two entities will assess opportunities to collaborate across the full insurance value chain, including risk engineering, primary underwriting, and claims support to ensure clean energy projects are protected from construction through operation.

The MoU sets a three-year framework for ongoing dialogue and implementation, advancing Abu Dhabi’s strategy to position itself as a global centre for climate finance and AI-enabled risk management.

Mark Wilson, Chief Executive Officer, RIQ, commented, “Masdar is a global leader in renewable energy, and this partnership reflects our shared belief that the future of infrastructure must be both resilient and intelligent.

“At RIQ, we’re building the digital architecture of tomorrow’s insurance economy, one that supports clean energy investment with smarter capital and sharper risk insight.”

Mazin Khan, Chief Financial Officer, Masdar, added, “As Masdar continues to expand its global clean energy footprint, we recognise the need for innovative financial and risk solutions that match the scale and complexity of our investments.

“By partnering with RIQ, we are aiming to embed resilience and intelligence throughout our operations, enabling us to better safeguard our assets and improve capital efficiency.

“We look forward to working closely with RIQ to develop the advanced risk solutions that will support our efforts to reach our target of 100GW of portfolio capacity by 2030.”

RIQ, which is supported by over $1 billion in equity commitments from IHC and strategic partners like BlackRock and Lunate, aims to become a global reinsurance leader, anchored in AI-native capabilities.

The firm is targeting $10 billion in annual underwriting across complex, emerging risk classes. In this partnership, RIQ will bring institutional capital with data-driven underwriting to deliver comprehensive reinsurance solutions focused on climate-aligned infrastructure and emerging risk classes.

This collaboration builds on an between RIQ and the Abu Dhabi National Oil Company (ADNOC), a diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi, to collaborate on a long-term reinsurance strategy targeting $500 million in risk transfer over the next decade.