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Why insurer Nationwide is investing $1.5 billion through 2028 on AI and other tech initiatives
The Lovesac panyThe Lovesac pany(US:LOVE) Fortune·2025-10-30 01:44

Almost half of Nationwide’s 22,000 employees are using Microsoft Copilot and other artificial intelligence tools every day. The insurer’s wants that number to hit 90% by 2026.To make this lofty target a reality, the property and casualty insurance company on Wednesday announced it would invest 1.5billionthrough2028tosupporttechnologyinnovationinitiatives,including1.5 billion through 2028 to support technology innovation initiatives, including 100 million that will be earmarked to advance AI each year for the next three years.The AI spending will go toward creating and managi ...