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Kennedys IQ has introduced Kennedys IQ SmartRisk, a neuro-symbolic AI risk analysis tool aimed at revolutionizing insurance processes. This innovative solution combines Large Language Models with insurance knowledge to enhance policy review and decision-making. The tool promises to improve accuracy and consistency while addressing concerns about AI's black-box nature.
SmartRisk is tailored for claims professionals, brokers, and underwriters, facilitating automated risk assessments and policy analyses. By integrating structured decision-making, it aims to reduce human error and enhance compliance in the insurance sector. The tool's design reflects a growing demand for AI-driven automation in complex risk underwriting, ultimately freeing up professionals to focus on high-value tasks.
• Kennedys IQ SmartRisk is the first explainable neuro-symbolic AI risk analysis tool.
• The tool enhances decision-making and compliance in insurance through structured frameworks.
Neuro-symbolic AI combines neural networks with symbolic reasoning to enhance decision-making processes.
Large Language Models are AI systems that understand and generate human language, used here for insurance knowledge integration.
Evidential Reasoning is a method used to model uncertainty and support decision-making in complex scenarios.
Kennedys is a UK-based law firm that has developed AI solutions to improve insurance processes.
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