Nationwide invests in AI and drone tech company

Nationwide is making a venture capital investment in a company that specializes in artificial intelligence (AI) and drone technology. A company release said that the insurer is making an investment in property insurance solutions developer Betterview, as part of its commitment to finance over $100 million of venture capital in "customer-centric solutions." Since it first announced its commitment to invest more than $100 million of venture capital in August, Nationwide has made nine investments including Betterview. "Drones and artificial intelligence will play a critical role in meeting the needs of our customers in the future of both underwriting and claims response. It's why we're so excited about this partnership with Betterview," said Nationwide chief innovation officer Scott Sanchez.