Nationwide is committed to helping the communities in the areas of road safety, environmental issues as well as financial literacy. With a huge number of subsidiaries that supply products and services in life insurance, property insurance and asset management, Nationwide can be termed as a mutual property and casualty insurance company. Nationwide insurance has around 33,000 employees and more than 60,000 agents selling their products.
According to media reports, casualty and property insurance represents around 80 per cent of the company business. Remaining 20 per cent consists of asset management and life savings products. There are more than 40 companies working under the banner of Nationwide Group, with leading company being Nationwide Mutual Insurance Company that sells its products and services with the help of exclusive agents that operate nationally. Quite a number of times, company also uses alternative distribution channels. It includes independent agencies and direct response through Internet and telephone.
In terms of statistic, Nationwide Insurance owns more than 60 per cent of NFS. NFS sells wide array of products. It includes, individual annuities, investment products, retirement plans and life insurance products. As already mentioned, the biggest part of Nationwide Insurance business is the property and casualty operation. Generally speaking, it offers physical damage insurance and private passenger vehicle liability. These programs are distributed through the agents of Nationwide career agency force. Last year, private passenger auto liability accounted for more than 25 per cent of the direct premiums written of the Nationwide Insurance.
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