With the continuous development of information technology, financial technology (FinTech) has become an important driving force for the insurance industry's digital transformation. Traditional insurance companies face competitive pressure from emerging technology companies but also realize the need for digital transformation. This paper focuses on the connotation of the digital transformation of the insurance industry through the literature research method, combs the risks and challenges of the industry through the induction and summary method, studies the digital transformation practice of S Insurance Group by using the case analysis method, and analyzes the effectiveness and positive impact brought by the digital upgrading of S Insurance Group, which is helpful to provide experience reference for the innovation development, transformation, and upgrading of the traditional insurance industry.

Yuxuan Wang. Research on Digital Transformation of Traditional Insurance Companies Empowered by Financial Technology——Taking S Insurance Group Company as an Example. Academic Journal of Business & Management (2024) Vol. 6, Issue 8: 40-45. https://doi.org/10.25236/AJBM.2024.060806.

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