Nationwide Mutual Insurance Company is focused on adapting to a changing insurance industry — one marked by more diversified sales channels, higher demand for proactive risk management, and longer-lasting customer relationships.
To do that, the company is prioritizing growth opportunities that augment its core business, with recent actions laddering up to broad themes like improving decision-making in claims and underwriting.
Notably, M&A activity is absent from Nationwide’s strategy. Instead, it grows its network of relationships through investments — at the corporate level and through its CVC arm, Nationwide Ventures — and partnerships.
Using CB Insights data, we uncovered the 5 most important strategic priorities highlighted by Nationwide’s recent investments and partnerships. We then categorized companies by their business relationships with Nationwide across these priorities:
- Decision-support platforms
- Health and wellness
- Retirement planning
- Risk engineering
- Sales channel development
