Presenting customers with a range of coverage options will boost satisfaction, and this partnership reflects Nationwide's insurtech ecosystem strategy.
Financial services company Nationwide's insurance arm partnered with Insurify, which offers home, life, and auto insurance comparisons, to power its digital brokerage unit, per Digital Insurance.
Insider IntelligenceWhen customers want coverage that Nationwide can't provide, they can use Nationwide's brokerage platform and benefit from Insurify's comparison solution to find a policy from a different carrier.
The VC initiative invests in disruptive insurtechs that can advance Nationwide's own strategy: meeting rising customer expectations for a digitally enhanced experience.
And using insurtechs' digital capabilities will get products to market faster than building solutions in-house, helping circumvent incumbents' tech skills gap .
Intelligence, Financial, Insurify, Digital Insurance, Nationwide, Next Insurance