Nationwide

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the United States. Founded in 1925, Nationwide has evolved from a mutual auto insurer into a prominent player in the financial sector, boasting over $158 billion in statutory assets. The company offers a comprehensive range of insurance products, including auto, homeowners, life, business, and specialty insurance, as well as retirement plans, annuities, and mutual funds. Nationwide is recognized for its strong financial stability, holding an A+ rating from A.M. Best and Standard & Poor’s. Through its various subsidiaries, Nationwide also provides long-term savings and retirement solutions, catering to both public and private sector clients.

Mark Berven

President and COO

Jim Grafmeyer

Associate Vice President and Chief Architect, Nationwide Financial

Past deals in Life Insurance

Extend

Series C in 2021
Extend is an API first company that allows any merchant to offer extended warranties and protection plans, both online and offline, while also providing the merchant's end customers with a vastly improved and modern support experience that eliminates many of the issues customers face today with legacy underwriters. Their intelligent decision engine uses machine learning to optimize warranty offers in real-time, thereby improving warranty and cart conversions and generating the most revenue for the merchant. Extend platform is integrated into leading eCommerce solutions including Shopify, Magento, Salesforce Commerce Cloud, BigCommerce, and others so that they can be up and running quickly, with no technical requirements. They also provide custom API integrations for larger merchants who have their own eCommerce platform. It stores all the details of an individual's product purchase and warranty plan for them, while also assisting throughout the claim process to create a seamless experience from start to finish. It was founded in 2019 and is headquartered in San Francisco, California.

Beam

Series E in 2021
Beam Technologies Inc. is a dental benefits company based in Columbus, Ohio, founded in 2012. It specializes in providing digital-first dental insurance plans that emphasize preventive care and ease-of-use. Beam’s offerings include dental insurance, which features perks such as floss, toothpaste, and the Beam Brush—a wirelessly connected toothbrush that allows users to track and monitor their brushing habits through a smartphone app. The company incorporates rewards for maintaining good dental hygiene into its policy pricing, making it a unique player in the dental benefits market.

Socotra

Series A in 2019
Socotra is a technology platform that builds a modern cloud-based platform for technology-driven insurers. Its platform is built from the ground-up using the latest technologies to be transparent, reliable, flexible, and secure. It aims to provide insurers with a modern, enterprise-grade core system that enables them to rapidly develop and distribute products that better serve their customers. Socotra was founded in 2014 and is headquartered in San Francisco, California.

E-Risk Services

Acquisition in 2019
E-Risk Services, LLC is an underwriting management facility based in Flanders, New Jersey, specializing in management and professional liability insurance products. Founded in 1998, the company offers a range of coverage options, including business and management indemnity insurance, directors and officers insurance, employment practices liability, fiduciary coverage, and commercial crime insurance. E-Risk Services serves privately held and not-for-profit organizations, providing an online rating system that allows brokers to obtain instant indications of terms for various insurance products. The company operates as a subsidiary of Nationwide Mutual Insurance Company, ensuring clients access to a robust portfolio of comprehensive and versatile insurance solutions. Through its dedicated network of wholesale brokers, E-Risk Services aims to deliver simplicity and security in the insurance process.

Next Insurance

Series B in 2018
Next Insurance Inc. is an online insurance agency that specializes in providing insurance products and services tailored for small businesses. Founded in 2015 and headquartered in Palo Alto, California, the company offers a variety of insurance options, including general liability, professional liability, commercial auto, and workers’ compensation. Next Insurance caters to a diverse range of industries, such as construction, consulting, fitness, cleaning, beauty, therapy, and education. By utilizing technology, the company streamlines the insurance process, eliminating the need for agents and reducing costs, which allows them to offer competitive pricing. Additionally, Next Insurance prioritizes customer service by ensuring prompt claims investigation, often resolving claims within 48 hours to enhance transparency and support for their clients.

Next Insurance

Series A in 2017
Next Insurance is an online-based insurance company for entrepreneurs and small businesses. The company's services feature claims investigation as soon as possible, with many being made within 48 hours that help its clients to get transparency. They use technology to eliminate agents and other expensive extras and give prices that are incredibly affordable. It also offers policies to a range of small businesses, from general contractors to personal trainers. Next Insurance was founded in 2016 and is headquartered in Palo Alto, California.

Jefferson National

Acquisition in 2016
Jefferson National is an innovator in tax-advantaged investing, primarily serving registered investment advisors, fee-based advisors, and their clients. The company has established itself as a trusted partner to nearly 4,000 advisors, offering a platform that emphasizes efficiency, transparency, and choice. Through its adaptable technology and award-winning distribution strategies, Jefferson National delivers cost-effective servicing capabilities, making it a significant player in the investment services industry.

Harleysville Insurance

Acquisition in 2012
Harleysville Insurance provides insurance products and services for small and mid-sized businesses.

ALLIED Group

Acquisition in 1998
ALLIED Group is a regional property-casualty insurance holding company specializing in personal lines. The Company's property-casualty subsidiaries use independent agencies, exclusive agencies, and direct response marketing to offer products in central and western states.
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