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Why insurer Nationwide is investing $1.5 billion through 2028 on AI and other tech initiatives

Fortune•Wednesday, October 29, 2025 at 5:44:26 PM
PositiveFinancial Markets
Why insurer Nationwide is investing $1.5 billion through 2028 on AI and other tech initiatives
Nationwide, a leading property and casualty insurance company, is making a significant investment of $1.5 billion through 2028 to enhance its technology initiatives, particularly in artificial intelligence. By allocating $100 million each year, Nationwide aims to train 90% of its employees to utilize AI in their daily tasks. This move not only positions the company at the forefront of technological advancement in the insurance sector but also reflects a commitment to improving efficiency and customer service, which is crucial in today's competitive market.
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