Nationwide said this week that it's making changes to its C-suite as well as investing significant dollars in services intended to keep the incumbent insurer competitive in an increasingly digital economy.
See also: When worlds collide: Insurers and InsurTech
|Shifting priorities
"Nationwide's core mission is to deliver value for our members by protecting what's important to them," CEO Steve Rasmussen said in an Aug. 16 press release. "This organizational change allows us to focus on emerging businesses and invest in startups that align to that mission. At the same time, we want to anticipate the future needs of our members and improve current processes and offerings to remain best in class."
To that end, Terrance Williams, Nationwide's chief marketing officer since 2015, was recently named President, Emerging Businesses.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson is ALM PropertyCasualty360's Editor in Chief. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
