Nationwide, the insurance and financial services company is making a venture capital investment in Foretellix, a platform provider automating the testing, verification, and validation for automated driving systems, both ADAS and AV, and ensuring safety. The investment is part of the Israel-based company’s Series B funding round and comes from Nationwide’s $350 million venture capital […]
Nationwide Creates Enterprise Innovation and Digital Organization
Nationwide announced it is making some organizational adjustments to enable the company to further enhance and accelerate its focus on innovation with an emphasis on digital interactions. Chetan Kandhari, Chief Digital Officer, will lead a new Enterprise Innovation and Digital organization, aligning all of Nationwide’s innovation and digital teams into one and accelerating delivery of […]
Nationwide Announces Venture Capital Investment to Build Safe Driving Network
Nationwide is making a strategic venture capital investment in Nexar, an Israeli-based startup focused on building the world’s largest safe driving network. Nationwide’s stake in Nexar is part of a new $30 million Series B round of funding recently announced by the Tel Aviv-based company. “Our venture capital approach is key to Nationwide’s innovation strategy,” […]
Largest Auto Insurers Added Market Share in 2015
The largest private passenger auto insurers in the U.S. gained market share in 2015. Growth continues long term trend. Since 2000, the largest private passenger automobile insurers have been growing their combined market share and more than half of all private passenger auto insurance in the United States is handled by just five companies. The […]