Kennedys IQ, the technology division of Kennedys Law LLP, has launched a neuro-symbolic AI risk analysis solution, Kennedys IQ SmartRisk. The technology combines rules-based and deep learning approaches. Kennedys said it would assist insurers in reviewing and analysing policies, liability and coverage.

Karim Derrick, chief product officer at Kennedys IQ, said: “There is a growing demand for AI-driven automation in insurance, particularly within specialty and complex risk underwriting. Policy wording analysis and claims handling are complex, inconsistent, and prone to human error, and GenAI chatbots today lack auditability, making them unsuitable for insurance risk assessment.

“Our interest is helping clients identify, manage and mitigate risk through the SmartRisk tool which can fill this gap to ensure transparency in decision making and regulatory compliance.”