 |
News & insights/Index |
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.
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.
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.
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.
Following our previous discussion in “Large Language Models: Maximalism & LawTech, we delve deeper into a specific application of these technologies and the transformative role of AI in legal decision-making, a domain traditionally reserved for legal professionals.
In a recent contribution to the “Fostering Innovation in Insurance” global thought leadership report, Karim Derrick, Chief Products Officer at Kennedys IQ, shares his insights that encapsulate the current state and future potential of insurtech.
Last week, we had the honour of attending the prestigious ‘British Legal Technology Awards 2023’ as an award finalist.
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.
This article takes a look at the use case of policy review, data collection and identifying risk to mitigate coverage disputes and the work Kennedys IQ have undertaken to address it.
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.
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.
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.
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.
This article contains statements, paraphrases and conclusions from Kennedys Fostering Innovation Panel, The rise and rise of intangible risk: ESG and reputation. The panel considered how the integration of ESG within the business environment will continue to impact the exposure of insurers and insureds to reputational risk.
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.
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 ended its ‘Fostering Innovation’ campaign on a high by inviting the next generation of trailblazers to share their ideas.
Karim Derrick, product and innovation director at Kennedys IQ considers how prepared the insurance industry is for introducing the concept of open insurance.
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.
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.
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%.
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.
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.
The term ‘baked in legal’ is something we talk about a lot. It’s something that comes up almost daily in conversations we have with each other and clients to describe what it is we are doing and what is positioning our software to take on the market in 2021.
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.
The government’s proposed National Data Strategy offers significant opportunities to improve the functioning of the insurance and other industries, Kennedys said this week.
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?
Kennedys IQ, the newly launched technology company has appointed Chris Stubbs who has joined as a Product Manager.
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.
The use of technology and artificial intelligence (AI) has been thrown into even sharper focus since the advent of covid-19 as governments across the globe seek to utilise all tools available to fight the pandemic.
Commentators in the claims space have begun to use this analogy to describe lockdown and the tidal wave of claims that may follow.
Kennedys IQ’s Karim Derrick looks at technology and the containment of COVID-19, particularly in South Korea, China and the UK.
We are very pleased to formally announce the arrival of Kimberley Davies to the role of Commercial Development Manager.
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.
Earlier this week Kennedys won ‘Best New Solutions for Clients’ and the overall ‘Best in Theme’ awards at the Managing Partners’ Forum Awards.
We are thrilled to confirm the launch of Kennedys IQ, a technology-driven company whose purpose is to be “Kennedys, without the lawyers”.
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.
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.
