News & insights

This is where the Kennedys IQ team will share our latest news as well as our most recent thoughts and insights about the issues facing the insurance, legal and claims sector.

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Advancing legal services for the insurance sector: AI-driven empowerment

Advancing legal services for the insurance sector: AI-driven empowerment

As legal partners to the insurance industry, we are at the forefront of an exciting transformation, propelled by advancements in Artificial Intelligence (AI). Our vision extends beyond enhancing our own productivity; we are committed to empowering you, our insurance company clients, to manage and streamline your legal processes related to insurance claims more effectively.

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Enhancing claims reserving with SmartClaim

Enhancing claims reserving with SmartClaim

Setting an appropriate reserve for insurance claims is a critical aspect of claims handling. While it’s common for claims handlers to establish a standard reserve based solely on the injury as described in the Claim Notification Form (CNF), there are additional factors to consider for a more accurate reserve assessment. In this article, we explore the significance of accurate reserves and the potential consequences of even a minor under-reserve.

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Large language models: maximalism & lawtech

Large language models: maximalism & lawtech

The legal industry is experiencing rapid technological advancements that have potentially far-reaching implications for the sector. These legal-technical advances (LawTech) promise to revolutionise legal practice, offering increased efficiency, cost-effectiveness, and improved legal services for the end consumer by leveraging Artificial Intelligence (AI), automation, and data analytics, to streamline processes, reduce manual workloads, and deliver more accurate and timely results.

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Double hire and new commercial head for Kennedys IQ

Double hire and new commercial head for Kennedys IQ

Kennedys IQ, the technology and innovation arm of global law firm Kennedys, is bolstering its team with two new hires as it ramps up for growth. Rhian Gait-Parker has joined Kennedys IQ as director of operations from Assura Protect where she was chief operating officer.

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Breaking through the resistance: driving innovation across organisations

Breaking through the resistance: driving innovation across organisations

We had the privilege of welcoming professor Richard Susskind, author of the acclaimed book The Future of the Professions, to speak at the Kennedys’ Fostering Innovation in Insurance panel. Professor Susskind is an eloquent and renowned speaker on the topic of professional services disruption – a discussion that Kennedys follows closely.

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Change Is Coming for the Professions – It’s Time to Embrace It

Change Is Coming for the Professions – It’s Time to Embrace It

We had the privilege of welcoming professor Richard Susskind, author of the acclaimed book The Future of the Professions, to speak at the Kennedys’ Fostering Innovation in Insurance panel. Professor Susskind is an eloquent and renowned speaker on the topic of professional services disruption – a discussion that Kennedys follows closely.

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Cutting Through the Noise: Eliminating Inconsistency in Claims Handling

Cutting Through the Noise: Eliminating Inconsistency in Claims Handling

This article contains statements, paraphrases and conclusions from Kennedys Fostering Innovation panel, ‘Cutting through the noise: improving decision making in claims’. The panel considered how ‘noise’ within the insurance and legal sector impacts the consistency and accuracy of the claims process, and the solutions available.

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Megabytes and algorithms in the insurance industry

Megabytes and algorithms in the insurance industry

As society transitions from the oil-driven era to the data-driven age (also known as the ‘Fourth Industrial Revolution’) global industries are being shaped by rapid digital transformation. It was estimated that by the end of 2022, 60% of global GDP will depend on digital technologies.

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Kennedys Launches Focus on Fostering Innovation

Kennedys Launches Focus on Fostering Innovation

Today, we launch our focus on innovation, a thought leadership series with seminars, research articles, and reports which will run throughout March, to highlight innovation at Kennedys, and across the wider insurance and legal industries.

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Legal tech alone is not enough

Legal tech alone is not enough

Legal tech is big business, and getting bigger. LawtechUK reported in 2021 that the market opportunity for legal technologies was £22bn, and UK lawtech startups and scale-ups grew 101%.

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Official Injury Claim: emerging data and trends

Official Injury Claim: emerging data and trends

Seven months since the launch of the Official Injury Claim (OIC) portal in the UK, more data is emerging every day as claims progress. Whilst early analysis of data can sometimes be misleading, there is now sufficient data to start forming conclusions.

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Automation in action – solving the £23bn late payment crisis

Automation in action – solving the £23bn late payment crisis

Kennedys IQ has long recognised the value self-service fixed fee claims platforms can provide. For the past 10 years we’ve been helping businesses and insurers to use lawyers only when they really need to, via technology. In the process we’ve allowed access to legal expertise and the settlement of disputes at greater efficiency and lower cost.

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IQ Insight: Using data science to measure public opinion

IQ Insight: Using data science to measure public opinion

In this blog we explore sentiment analysis and the different approaches of two off-the-shelf sentiment analysers, Vader and TextBlob. While these analysers can be good for a quick solution for a sentiment analysis use case, they sometimes fail to produce reliable results for certain use cases and scenarios.

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More than the sum of its parts

More than the sum of its parts

This blog explores the importance of completeness of execution in systems, and how Kennedys IQ are applying that to solutions such as Portal Manager to improve efficiency and overcome the limitations of other systems.

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Automated quantum assessment

Automated quantum assessment

When Kennedys IQ originally set off on the Portal Manager journey, we recognised that for most insurers, managing personal injury claims was onerous and that claim managers were struggling to get a handle on the bigger personal injury picture.

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‘Noise’ book review

‘Noise’ book review

Very rarely does a book come along with the potential for genuine disruption. Even more rarely does one come along with implications for the professional services, and in particular insurance legal services. Noise is one of those books.

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Whipping up a storm of activity

Whipping up a storm of activity

The ‘Whiplash Reforms’ as they became known are about to become a reality, with a launch date of 31st May 2021. With the start clock ticking down, we take a look at the technical and process pinch points that compensators are facing.

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Artificial Intelligence and online courts

Artificial Intelligence and online courts

Since COVID-19 began, with the huge changes in working patterns we’ve all had to adapt to, and the ubiquitous ‘new normal’ – what really is the future of court systems globally in a post-Covid world?

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Time to embrace technology?

Time to embrace technology?

In the last 7 days life has changed dramatically all around the world. Whilst governments are busy building plans to protect the public and the economy in the face of this unprecedented health crisis, many businesses have found themselves caught underprepared for the majority of the workforce working from home.

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Whiplash portal reforms delayed

Whiplash portal reforms delayed

The UK government has confirmed that the implementation of its proposed ‘whiplash portal’ will be pushed back to 1 August this year – a move that confirms Kennedys’ long held belief that the reforms would need to be delayed.

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Ethics and AI

Ethics and AI

There can be no denying that Artificial Intelligence (AI) has already changed the way we live today. Whether it’s predicting what we might like to buy on Amazon or creating tailored fitness programmes to put us through our paces, an AI enabled future is already here.

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The future of legal services

The future of legal services

Kennedys IQ is a separate company built to ride the waves of a fast-moving world and that opens up the exciting possibility of forming joint ventures with our clients to develop tools together.

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