RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer and a subsidiary of IHC, has signed a Memorandum of Understanding (MoU) with Abu Dhabi Future Energy Company PJSC – Masdar, a world leader in clean energy, to co-develop advanced reinsurance solutions that address the complex risks of the global energy transformation.

Under the MoU, the two companies will explore embedding dedicated reinsurance capacity into Masdar’s global insurance programs; enhancing coverage, improving capital efficiency, and unlocking better pricing across its rapidly expanding portfolio. 

As Masdar scales its clean energy footprint across six continents; spanning solar, onshore and offshore wind, and green hydrogen, the partnership will focus on creating intelligent data-driven risk models to match that growth. 

RIQ, supported by over $1 billion in equity commitments from IHC and strategic partners BlackRock and Lunate, is designed to meet this demand, bringing institutional capital with data-driven underwriting to deliver comprehensive reinsurance solutions focused on climate-aligned infrastructure and emerging risk classes.

Beyond structured capacity, RIQ and Masdar 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 reflects a broader alignment of vision between two Abu Dhabi-based platforms committed to global sustainability, digital innovation, and long-term resilience.

On the strategic tieup, CEO Mark Wilson said: "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."

"This collaboration is a model for how reinsurance can actively enable the energy transition, not just respond to it.’’

Masdar Chief Financial Officer Mazin Khan said: "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," he added.

Headquartered in ADGM, RIQ is in the final stages of regulatory approval with the Financial Services Regulatory Authority (FSRA). In the interim, the platform may utilize fronting arrangements to support early-stage reinsurance activity ahead of full licensing and rating completion.

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

RIQ is building the platform to become a global reinsurance leader, anchored in AI-native capabilities and targeting $10 billion in annual underwriting across complex, emerging risk classes. 

By embedding advanced risk solutions into the core of clean energy development, the partnership aims to enhance insurance outcomes and support scalable, sustainable growth.-TradeArabia News Service