Kennedys IQ will enhance decision-making for its clients through transparent, explainable algorithmic approaches combined with cognitive decision-making science expertise.
Kimberley Abbott, Founder and CEO of Vested Impact, expressed enthusiasm about the partnership: “We’re thrilled to collaborate with Kennedys IQ to provide actionable activity-level and market-specific ESG and impact insights. Together, we aim to foster a more sustainable and resilient insurance ecosystem. This partnership enhances our mission of driving actionable decision-making on social and sustainability issues within the financial services sector.”
Vested Impact was recently showcased at COP28 for its potential to address global sustainability challenges through its platform. The startup stands out by leveraging advanced algorithmic methodology and quantifying the external material impact of a company’s products and services, beyond standard ESG metrics. It uses over 300 million science-based and impact data points to provide high-quality data.
Karim Derrick, Chief Product Officer of Kennedys IQ, stated: “ESG is no longer a mere trend, it’s a powerful force reshaping risk assessment, corporate governance and sustainability. We’re so pleased to be working with Vested Impact on driving the use of improved ESG data, it is an exciting and complementing feature to the Reputation Advisor project, a future feature of the IQ Platform.”
The partnership, collaborating with specialty D&O underwriting agency Rising Edge, aims to gain valuable industry insights and enable early benefits from the initiative. Rooted in Open Innovation, this collaboration brings together diverse perspectives from industry and academia.
Kennedys IQ plans to expand their IQ Platform with future features such as SmartPolicy and Reputation Advisor. These enhancements will pioneer new methods for helping insurer clients identify, manage, and mitigate risk through sophisticated analysis of policy documents and real-world events using a combination of traditional algorithmic approaches and large language models (LLMs).
