Nationwide said Wednesday that it will invest $100 million in young companies in a move meant to help the insurer stay relevant in the insurance and financial-services industries at a time of great technological change.
“We’re a large organization. We’ve been around 90-plus years and plan to be around another 90 years. We recognize we have to build on the core strength of our companies in property and casualty insurance and financial services,” said Terrance Williams, Nationwide’s chief marketing officer since 2015.
The investments that Nationwide is making are in areas where it already is focused: retirement planning, insurance and financial services, and protecting the information of consumers.