 |
IQ Lab |
The IQ Lab is our incubator for the next generation of IQ Platform solutions. It is where fresh ideas are prototyped and come to life as real tools and insights for our clients. The world of insurance never stops moving, and neither do we. We are always thinking about how to solve the problems of tomorrow and today.
Our approach
The IQ Lab has two strategic priorities:
The future of claims
From New York to London, whether it is US CGL, MedMal, or Primary Cyber claims, our pipeline is packed with innovative models that augment expertise and improve claim outcomes. From ECF files to litigation documents, our models extract sophisticated, expert-oriented claim details from your unstructured documents, providing auditable and explainable decision recommendations that allow you to focus more on what matters: your policyholders.
The future of risk
From reputational risk analysis to policy review, pre- or post-bind, our new line of models will help you identify, manage, and mitigate risk across multiple speciality lines by combining augmented expertise and the very latest in technology—superpowering underwriters to make faster, more consistent decisions in an ever-noisy world.
From proof to concept to launch, all our solutions benefit from our principle of Open Innovation. We bring together our clients, data scientists, product managers, and the broader Kennedys Global Network, delivering new technology through a local market lens.
Our clients benefit from our extensive network of partnerships.
In addition to working with our own data scientists, technologists, and researchers to develop solutions, we also partner with clients and agencies such as Innovate UK to bring expertise, collaborators, and funding to help us explore the insurance-focused products of the future.
We also partner with leading universities and their cognitive science departments in Knowledge Transfer Partnerships, combining our growing data science team with academic specialists. Through these partnerships, we are working with the University of Manchester to combine legal expertise and machine intelligence to identify everything from potentially fraudulent claims to ESG-related risks.
We are also members of CRAFT, the first fintech-focused Industry-University Cooperative Research Centre based in the USA. It brings together academic and industry partners, as well as representatives from all levels of government. CRAFT supports advanced research projects related to the fintech challenges of the financial services industry and is funded by the National Science Foundation (NSF).
Related news and insights
Kennedys recognised across three categories at the FT Innovative Lawyers Awards Europe 2024
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.
Casualty compensators getting hit twice by recent JCG increases
March saw the arrival of the new 17th Edition of the Judicial College Guidelines and, with it, we saw a significant 22% rise in damages for injuries typically settled within the MoJ Claims Portal process.
Assessing the impact of the 17th Edition of the JCG on OIC Claims
The highly anticipated 17th Edition of the Judicial College Guidelines (JCG) has begun to reach recipients. Let’s delve into the standout updates from this edition and examine their potential implications for Official Injury Claim (OIC) claims.
