Swiss Re and RIQ collaborate on AI-driven reinsurance solutions in UAE [Yahoo! Finance]
SWISS RE LTD S/ADR (SSREY)
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Source: Yahoo! Finance
The partnership was formalised through a memorandum of understanding (MoU). It will also look at wider opportunities for collaboration over the medium and long term. The use of AI in reinsurance is expected to improve accuracy in underwriting, capacity use and investment processes. RIQ was set up by investment firm IHC in partnership with BlackRock and Lunate, and began operations in June Based at Abu Dhabi Global Market (ADGM), RIQ is creating a reinsurance platform that uses AI and advanced analytics to refine risk evaluation, allocation of capacity and investment management for clients. RIQ CEO Mark Wilson said: "Swiss Re brings unparalleled expertise and a shared belief in what reinsurance can become when capital, data and technology converge. Together, we aim to accelerate the development of AI-native infrastructure and structured reinsurance solutions tailored to the evolving needs of the market." RIQ's offerings will include reinsurance services for property and ca
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News
- Swiss Re (OTCMKTS:SSREY) was upgraded by analysts at DZ Bank AG from a "hold" rating to a "strong-buy" rating.MarketBeat
- Swiss Re (OTCMKTS:SSREY) was downgraded by analysts at Berenberg Bank from a "strong-buy" rating to a "hold" rating.MarketBeat
- Will Weakness in Swiss Re AG's (VTX:SREN) Stock Prove Temporary Given Strong Fundamentals? [Yahoo! Finance]Yahoo! Finance
- Swiss Re (OTCMKTS:SSREY) was downgraded by analysts at Oddo Bhf to a "neutral" rating.MarketBeat
- Swiss Re (OTCMKTS:SSREY) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating.MarketBeat