Al -Alamiah Holding launches RIC Insurance in Abu Dhabi

The International Holding Company has officially launched RIC Insurance (Reinsrance Intelligence Quotient) To be a new international reinsurance platform to take from the Abu Dhabi Global Market (Adgm), The International Financial Center of the capital Abu Dhabi, its headquarters.

The unveiling of the new brand is a prominent station in the podium, after its announcement last month, and reflects the common aspirations of both the “International Holding Company”, “Black Rock” and “Lunite” and their common efforts to set new standards for the global insurance sector through innovation, growth, expansion and strategic partnerships.

The RIC platform benefits from the integration of human knowledge and experiences with the capabilities of advanced artificial intelligence, to establish new international standards for the reinsurance sector.

The platform is designed to provide an advanced and innovative reinsurance institution, keeping pace with future changes and complex challenges in the field of risk transfer globally.

The opportunities offered by artificial intelligence in the areas of risk selection, management and controlling costs, and upgrading customer experience constitute a basic pillar in the platform strategy.

Based on a solid regional base and ambitious global aspirations, the platform will provide innovative solutions in the field of insurance, in a way that meets the various needs of customers in the sectors of property insurance, potential damage, life insurance, and specialized insurance products, with a preliminary focus on vital markets that have promising growth capabilities.

The company also announced the formation of the Board of Directors of “RIC” headed by His Excellency Dr. Sultan bin Ahmed Al -Jaber, and includes a group of the most prominent leadership figures in the fields of insurance, finance and technology. Including His Excellency Muhammad Hassan Al -Suwaidi, Sayed Bosra Shuaib, Sufis Abdul Latif Al -Aski, and Mark Wilson.

RIC is currently working to complete the final organizational procedures in coordination with the authority to organize financial services affiliated with Abu Dhabi International (Adgm), In preparation for launching its full operational operations and expanding the global scene.

The RIC strategy is based on artificial intelligence structure, which enhances the ability to immediately analyze, the accuracy of insurance subscription, and raises the efficiency of capital distribution.

The platform takes advantage of primary financing obligations for more than one billion US dollars, to achieve its ambitious goals to provide insurance obligations that exceed $ 10 billion, and it is expected that the platform will make a qualitative shift in the reinsurance scene at the region and the world level.

On this occasion, His Excellency Dr. Sultan bin Ahmed Al -Jaber, Minister of Industry and Advancement Technology and Chairman of the RIC Board of Directors said: “The official name of the RIC platform is the starting point towards reshaping the future of the global insurance sector, and this platform reflects our joint aspirations to build a leading company in the field of reinsurance, characterized by reliability and adopting the latest advanced technologies, and connects global capital and fast -growing markets based on The integrated and distinguished financial system in Abu Dhabi.

For his part, Sayed Bosra Shuaib, CEO of the International Holding Company, a member of the Board of Directors of “RIC”, said that the launch of the RIC platform comes as a reflection of the global Holding Company’s vision aimed at investing in the next generation of innovative global financial services, and by relying on a digital structure based on artificial intelligence, strong capital, strategic alliances with a group of international partners, the platform will achieve a qualitative shift In the insurance system and capital markets at the level of the region and the world.

In turn, Mark Wilson, CEO of the RIC platform, said: “We are proud to adopt the RIC as an official name for our new platform, as it reflects our commitment to building an integrated reinsurance company, based on artificial intelligence, and has the capabilities, flexibility and expansion capabilities necessary to achieve leadership in a fast -changing environment, and through the extensive international experiences of our members of our board of directors, along with our partnerships. A strong strategy, we will start from a solid base to achieve sustainable growth internationally. ”

With the official launch of the “RIC” platform, the global Holding Company and its founding partners are to build a leading force in the global reinsurance sector, and through its infrastructure based on artificial intelligence, strong capital, and advanced strategic vision, RIC possesses an ideal place that allows it to respond efficiently and effectively to changing global risks, enhancing financial innovation efforts, And consolidating the position of Abu Dhabi as a leading center for advanced financial services.

In conjunction with RIC’s willingness to start operational operations, the platform continues to expand its capabilities, invest in high -level competencies and talents, and seek to build studied strategic partnerships, with constant support from “Black Rock” and “Lunite”, to ensure a long -term value and support customers, shareholders and markets.