On-Demand Web Seminar  Improving insurer's bottom line: Transforming the business of law with cognitive computing

Hosted by Digital Insurance

FSS Industry Internal law departments report that 30%-50% of their annual budgets are spent on outside counsel fees. This has always been the cost of doing business for Insurance companies, impacting the Heads of Corporate General Council, CFOs, COOs and others, not to mention the bottom line. That is until now. But did you know that advances in cognitive computing and reading unstructured data have been shown to generate savings of 22%-30% in annual outside council spend? In one case, an Insurance client with over $1.3 B in legal per year in legal counsel spend was shown a savings of almost $400 million over two years using IBM Watson.

View this on-demand webinar to learn:

  • How transparency helps reduce legal cost variability and justify fixed fee pricing arrangements
  • How legal is changing now and what insurers can expect over the next couple of years in decreased costs
  • The small steps you can take to enable increased insight, quality and efficiency of legal services for your firm

Featured Presenters:

Brian Kuhn, Esq. Shawna Childress Jim Ericson

Brian Kuhn, Esq.
Co-Founder and Leader of IBM Watson Legal
Partner, IBM Industry Platform

Shawna Childress
Cognitive Legal Co-Leader
Associate Partner, Cognitive & Analytics
Global CoC
Jim Ericson
Consultant, Editor Emeritus
Information Management

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