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InsurTech weekly - Monetizing banking customer data

From AI reshaping insurance distribution to Lloyds Bank’s FinTech ambitions and the rise of Digital Health, this essay explores how technology is transforming finance, insurance and healthcare.

1/ How AI revamps insurance innovation?

The first article, published by the BCG explores how artificial intelligence is - and could - revamp the insurance distribution. As AI is the tech wave across industries and distribution has long been the hottest section of the value chain in terms of InsurTech, the BCG details three ways AI could benefit insurance distribution, following the launch of startups' app directly into ChatGPT's ecosystem recently.

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2/ Could LLoyds Bank become the largest FinTech?

The second article, published in the Financial Times, follows-up on Lloyds Bank's recent announcement and claim it would become the "largest FinTech worldwide". The bank details its IT roadmap to reduce costs - which are already down 35% compared to 2021 - and its plan to sell anonymized customer data to generate new revenues.

3/ How technology can improve healthcare?

The third article, published in The Economist, explores the state of Digital Health. Or, how technology is revamping the way to do healthcare. Based on investments announced last year, the article highlights major trends in that space as this ecosystem increasingly cares about longevity !

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