Given the challenges facing all insurers as marketplace disruptions persist, opportunities exist for insurance companies and InsurTech firms to work together. (Shutterstock) Given the challenges facing all insurers as marketplace disruptions persist, opportunities exist for insurance companies and InsurTech firms to work together. (Shutterstock)

A David vs. Goliath-type match is playing out today as traditional insurance providers face a growing number of emerging technology startups that fall under the "InsurTech" trade name. These businesses employ inventive digital technologies aimed at changing the current insurance industry model.

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