FinTech Magazine February 2019 | Page 172

NATIONWIDE

By tapping into trailblazing new practices and methodologies , Nationwide has put its weight behind a mammoth transformation . We spoke to Guru Vasudeva , Senior Vice President and Chief Information Officer ( CIO ) of Program and Application Services , to find out more

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I n the American insurance and financial services markets , Nationwide ranks amongst the best . Today , the Fortune 100 company stands as the number one company for total small business insurance , the number one underwriter of farms and ranches , as well as the nation ’ s leading pet insurer . But its list of accomplishments doesn ’ t stop there : it ’ s also the 8th largest provider of defined contribution plans , number 1 in 457 plans , the 8th largest life insurer and much more . Spanning personal lines , commercial lines and financial services , this diversity has allowed Nationwide to carve a unique path as a one-stop shop for insurance . Though , as Guru Vasudeva , Senior Vice President and Chief Information Officer ( CIO ) of Program and Application Services , points out , the insurer ’ s competitive edge undoubtedly lies in its customer-centric ethos . “ Nationwide is a mutual company , which means our customers own us ,” Vasudeva explains . “ As the organization evolves , we are really focused on doing what is good for our customers , our employees and

FEBRUARY 2019