Kennedys are proud to have been shortlisted in three highly competitive categories at the FT Innovative Lawyers Awards Europe 2024, which took place on September 12, 2024, at the Natural History Museum, London.
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Archive for Richard West
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.
Kennedys becomes first law firm to join prestigious US fintech research group
Kennedys IQ, through our global law firm Kennedys, has joined the prestigious US-based Center for Research toward Advancing Financial Technologies (CRAFT) as it cements its position as one of the world’s most innovative law firms.
Bright minds, brighter horizons: Kerala’s young innovators
Kennedys IQ’s Future Innovators programme saw students from a tribal school in Kerala develop innovative ideas for solving both local and global problems. In March, Kennedys concluded Innovation Month by inviting young students to share their ideas.
Is ChatGPT reaching its pinnacle? What is the likely impact for lawtech and insurtech?
Recent observations indicate a potential inflection point in the use of ChatGPT, the renowned generative AI technology. Despite its integration to empower Microsoft’s Bing search engine and the relentless buzz surrounding its prowess on social media, ChatGPT has experienced a decline of up to 10% in user engagement compared to last month’s usage.
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.
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.
The role of noise in decision-making for insurance claims professionals
In the insurance industry, claims professionals are responsible for assessing and settling policyholders’ claims. An essential aspect of this process is decision-making, which can be affected by a variety of factors.
Kennedys launches competition with Kerala school to inspire next generation of ‘Future Innovators’
Kennedys ended its ‘Fostering Innovation’ campaign on a high by inviting the next generation of trailblazers to share their ideas.
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.
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.
Maturity framework needed to guide safe and responsible use of AI by financial services industry, says Kennedys
Artificial intelligence (AI) could bring “enormous potential benefits” to the insurance industry but regulators should put in place a bespoke AI Maturity Framework to assist its safe and responsible adoption, Kennedys has proposed.
Kennedys 2022 insurtech highlights, and the optimistic 2023 vision
In an article originally published by The Post Online, Kennedys shared its views on insurtech highlights from 2022, while looking ahead to what 2023 holds for the industry.
Rising Edge joins Kennedys’ consortium to develop Reputation Advisor
We are pleased to have added Rising Edge, the London-based Managing General Agent (MGA) to our Reputation Advisor consortium.
Trio of industry hires as Kennedys grows team behind groundbreaking technology products
We, the sister company of global law firm Kennedys, are continuing to power growth with a trio of new hires. Melanie Milliner joins from AXA UK, Joe Cunningham joins from DARAG Group, and Alissa Harger joins from Linklaters.
Risk and reward: technology and firms’ reputation management
We are pleased to have added Rising Edge, the London-based Managing General Agent (MGA) to our Reputation Advisor consortium.
Kennedys doubles office space in India as development team continues to grow
We are pleased to announce our technology operation Kennedys Kognitive Computing, in India, has more than doubled its office space as it continues to grow its development team.
Using sentiment analytics to measure reputational risk
While sentiment analytics is not a new concept, its adoption by insurers has not yet been fully realised. Arguably, its biggest potential is in the area of reputational risk.
Kennedys leads consortium awarded funding for £1.2m project to tackle growing threat of reputational risk
A consortium led by Kennedys have been awarded funding from Innovate UK to develop groundbreaking software able to identify and assess reputational risk.
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.
Kennedys adds new data scientists to drive innovation growth from India
We are delighted to announce we have appointed two new data scientists as part of our growing development team in India.
Rising stars Akhil Sivanand and Renimol Siby have joined Kennedys Kognitive Computing, an exclusive partnership formed by Kennedys in 2017 to help drive innovation in lawtech and insurtech.
Kennedys IQ introduces AI technology to end-to-end portal claim management solution
Kennedys IQ has taken Portal Manager, its unique, end-to-end solution for compensators, to the next level by using artificial intelligence to assess medical evidence and recommend a damages figure for insurance claims in the MoJ Portal.
Tech pioneers: Kennedys’ 11-year journey into the human mind
The legal technology market has a natural fascination for the new. Words like “launches”, “debuts”, “unveils” are the narrative that propels a growing niche of alternative offerings that are increasingly an adjunct to most big firms.
Kennedys IQ adds new product manager to spearhead growth
Kennedys IQ, the newly launched technology company has appointed Chris Stubbs who has joined as a Product Manager.
Kennedys takes fraud prevention to new level as Knowledge Transfer Partnership reaches end
Kennedys’ two-year collaboration with the University of Manchester has reached a successful conclusion with the implementation of next-generation fraud prevention software contributing to significant new revenues for Kennedys’ UK business.
Double award win at MPF Awards 2020
Earlier this week Kennedys won ‘Best New Solutions for Clients’ and the overall ‘Best in Theme’ awards at the Managing Partners’ Forum Awards.
“Kennedys, without the lawyers” – revolutionary technology platform launched
We are thrilled to confirm the launch of Kennedys IQ, a technology-driven company whose purpose is to be “Kennedys, without the lawyers”.
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.