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Zawya
6 hours ago
- Zawya
IHC and RIQ snnounce strategic 10-year alliance anchored by over $500mln in reinsurance premiums
RIQ to deliver AI-native risk transfer solutions tailored to IHC and its group companies. Partnership accelerates Abu Dhabi's rise as a global hub for reinsurance and intelligent risk management. Abu Dhabi, UAE – RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer, has entered into a preferred reinsurance partnership with IHC, anchored by a targeted allocation of over USD 500 million in risk coverage within the coming decade. Based in ADGM and launched earlier this year by IHC in partnership with BlackRock and Lunate, RIQ will offer a full suite of reinsurance solutions, working closely with IHC and its portfolio companies to structure capital-efficient coverage across complex Specialty and Property and Casualty (P&C) risk classes. Leveraging advanced data modelling and AI-augmented underwriting, the platform is purpose-built to meet the demands of a rapidly evolving risk environment. This partnership represents IHC's commitment to pioneering intelligent capital deployment and transformative risk transfer solutions. By leveraging RIQ's AI-powered infrastructure, IHC aims to enhance the resilience and operational agility of its group companies. The collaboration also aligns with Abu Dhabi's ambition to lead globally in structured reinsurance and financial innovation. RIQ is currently advancing through its regulatory journey with the Financial Services Regulatory Authority (FSRA) of ADGM, as it moves toward formal authorization as a reinsurer. In parallel, final preparations are underway for the execution of the reinsurance transaction between IHC and RIQ, which remains subject to regulatory clearance. This transaction will mark a foundational step in RIQ's operational rollout. Syed Basar Shueb, CEO of IHC, said: 'This partnership reflects IHC's conviction in the transformative power of intelligent capital and data-driven risk transfer. By aligning with RIQ, we are catalyzing the next chapter of Abu Dhabi's evolution as a global center for reinsurance innovation. This is not just a financial commitment, it is a strategic investment in the future of resilient infrastructure and industrial agility.' Mark Wilson, CEO of RIQ, noted: 'We are proud to collaborate with IHC in this milestone partnership. RIQ's platform is engineered to deliver intelligent risk solutions at pace, fusing advanced analytics, underwriting discipline, and strategic capital. This announcement marks a defining step in our mission to reshape global reinsurance from Abu Dhabi outward.'' Additional strategic updates are expected in the coming months, as RIQ executes on its global buy-and-build strategy. With over USD 1 billion in equity commitments from IHC and strategic partners BlackRock and Lunate, and anchored in AI-native infrastructure, RIQ aims to ultimately write USD 10 billion per year, redefining the future of reinsurance through intelligence, scale, and strategic discipline. About IHC Established in 1999, IHC has become the most valuable holding company in the Middle East and one of the world's largest investment firms, with a market capitalization of AED 879.6 billion (USD 239.3 billion). Since then, it has transformed to represent a new generation of investors. IHC's commitment to sustainability, innovation, and economic diversification spans over 1,300 subsidiaries, driving growth across industries like Asset Management, Healthcare, Real Estate, Financial Services, IT, and more. IHC continually looks beyond the stand-alone value of its assets for opportunities, stepping outside of traditional approaches and artificial barriers to unlock opportunities across its portfolio, enabling sector-agnostic Dynamic Value Networks and creating results that are often much greater than the sum of their parts. At IHC, we take our responsibility to shareholders, customers, and employees seriously. Our commitment to responsible investment ensures that we create sustainable value by staying connected to the communities we serve, making a positive difference with every investment. About RIQ Established in 2025, RIQ is a next-generation, AI-native reinsurance platform launched by IHC, in partnership with BlackRock and Lunate. Headquartered in Abu Dhabi Global Market (ADGM), RIQ is designed to serve global markets with an initial focus on high-growth regions across the Middle East, Asia, and select international jurisdictions. With deep capital backing, advanced analytics capabilities, and a long-term commitment to innovation, RIQ will provide reinsurance solutions across Property & Casualty, Life, and specialized segments. By integrating intelligent risk assessment with global capital, RIQ aims to help shape a more resilient and responsive future for reinsurance worldwide. Media Contacts Simon Hailes Managing Director, Head of Edelman Smithfield Middle East IHC@
Khaleej Times
9 hours ago
- Khaleej Times
UAE: 10-year-old Emirati girl builds AI academy for kids, aims to bridge gender gap
A 10-year-old Emirati has launched an AI (artificial intelligence) academy designed entirely for children — a platform that could reshape how young learners approach technology education. AlDhabi AlMheiri 's AI Learning Academy targets children aged 7 to 13, aiming to boost global digital literacy. A study noted that while 44 per cent of children globally use AI tools, only 27 per cent understand how they work. Structured AI education is offered in less than 10 per cent of primary schools worldwide. AlDhabi, who is also a four-time Guinness World Record holder, created 20 video-based lessons covering AI fundamentals, ethics, and entrepreneurship. Each module includes printable worksheets and practical projects designed to turn abstract concepts into engaging learning experiences. 'I didn't want my lessons to sound too formal,' AlDhabi told Khaleej Times. 'So I used simple language, friendly cartoon characters, and examples that children actually relate to.' Peer-designed content Studies support her approach: Peer-designed content improves understanding and retention by up to 40%, especially for abstract subjects. Children are also three times more likely to ask questions when learning from materials created 'by kids for kids.' AlDhabi's platform directly addresses the 30 per cent gender gap in AI participation among middle school students in the MENA region, offering dedicated 'Girls in AI' workshops alongside modules on machine versus human intelligence and AI in daily life. Unusually for children's tech platforms, the academy also includes entrepreneurship content. Students are encouraged to think like builders and creators while learning core values such as privacy, fairness, and responsibility. 'I want kids to feel like creators, not just consumers,' she explained. 'They can build, they can lead, and they can start young.' The platform enforces strict child data protection, requires parental consent, and offers content in Arabic and English. It aligns with several UN Sustainable Development Goals, including quality education, gender equality, and reduced inequalities. AlDhabi's child-led model offers a grassroots solution that's both scalable and culturally grounded. Her publishing house, Rainbow Chimney, has already reached thousands of young readers, and the new academy could do the same for AI learning. 'Technology shouldn't belong only to adults,' she said. 'Children can understand it, shape it, and lead its future — if we just let them in.' The 10-year-old Emirati has an impressive set of relative credentials, including 163 hours of IBM-certified AI training, executive education at NYU Abu Dhabi, and a fellowship at Georgetown University's entrepreneurship programme. The free platform is now live at offering multilingual, child-safe access for families and schools worldwide.
Arabian Business
a day ago
- Arabian Business
Abu Dhabi's Mubadala invests in AI open-source company Anaconda
Abu Dhabi's Mubadala Capital has participated as one of the main investors alongside Insight Partners in the US$150 million Series C funding of Anaconda Inc, the company committed to advancing AI with open source at scale. The company operates profitably with over US$150 million in annual recurring revenue (ARR) as of July 2025. The new funding values the startup at about US$1.5 billion. Acquisitions on their mind Capital will be invested in new AI features, strategic acquisitions, and to fuel Anaconda's global expansion into new markets. Additionally, the funding will offer liquidity options for current and former employees, driving the company's continued momentum and growth. This news comes on the heels of Anaconda's newly launched AI Platform as well as a recently announced partnership with Databricks, the data and AI company. Since its founding in 2012, Anaconda has been one of the most trusted and widely used Python distribution platforms, with over 21 billion downloads and 50 million users. Today, more than 10,000 large enterprises rely on Anaconda to build and manage AI systems effectively. The infusion of capital comes at a pivotal moment as enterprises shift from isolated data science projects to building compound AI applications, validating Anaconda's mission to empower organisations and builders to innovate with data through a unified open source ecosystem for enterprise Python—the coding language that has become synonymous with AI development. George Mathew, Insight Partners Managing Director, said: 'As agents and compound AI systems gain traction, companies need a foundational platform to effectively manage key open source artifacts and components to drive fast, scalable innovation. Anaconda takes this a step further by layering simplicity and security to AI in enterprise landscapes. 'As enterprises move from specialised data science to generalised AI systems, we believe Anaconda is incredibly well-positioned for this generational shift.'
