The insurance industry is undergoing a significant transformation with the rise of Insurtech startups, which leverage technology and innovation to disrupt traditional insurance practices. This project seeks to investigate the impact of Insurtech startups on traditional insurance companies, focusing on the challenges, opportunities, and response strategies in the face of technological disruption. By delving into the implications of Insurtech for traditional insurers and the broader insurance ecosystem, this research aims to provide valuable insights into the evolving dynamics of the industry.

The emergence of Insurtech startups has raised important questions about their potential to reshape the insurance landscape, challenge established business models, and drive innovation. This study will explore the benefits and challenges of Insurtech startups, shedding light on their disruptive potential and the strategies employed by traditional insurers to navigate this evolving landscape. By doing so, the research aims to offer recommendations for traditional insurers and Insurtech startups to foster collaboration, innovation, and responsible adaptation to the changing dynamics of the insurance industry.