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Fortune
Fortune
John Kell

Why insurer Nationwide is investing $1.5 billion through 2028 on AI and other tech initiatives

(Credit: Courtesy of Nationwide)

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 $1.5 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.

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