Hyderabad: Nationwide, a Fortune 100 US-based insurance and financial services group, has opened its first facility outside the US in Hyderabad, marking the 100-year-old company’s transition to a global operating footprint.The new Nationwide Global Services Center Private Limited (Nationwide India) will function as the company’s fourth global campus after Columbus, Ohio, Des Moines, Iowa, and Scottsdale, Arizona.Nationwide said the Hyderabad office will support a 24/7 operating model aimed at improving agility, decision-making, productivity and innovation.The centre has hired about 60 employees and is expected to exceed 100, Vikas Jaswal, senior vice president and managing director, Nationwide Global Services India, who will lead the campus and oversee operations and hiring, told TOI.He, however, declined to specify exact hiring numbers saying that growth will be planned quarterly or half-yearly as artificial intelligence reshapes workforce needs,Jaswal said Hyderabad’s skilled talent base, technology ecosystem, transport access and global capability centre network made it an ideal location and the Hyderabad campus will enable Nationwide to meet increased business demand, growth goals and expand its global operational capabilities.He said the office will initially focus on technology, including software engineering, infrastructure, cybersecurity, architecture, data, AI and platforms supporting property and casualty insurance, financial services, mutual funds, annuities, retirement and life insurance.Welcoming the latest global capability centre to join Hyderabad’s rapidly evolving GCC landscape, Telangana IT minister D Sridhar Babu said Hyderabad has emerged as a leading innovation hub for banking, financial services and insurance companies.“Today, nine of the world’s top 10 BFSI giants are driving innovation, advanced product engineering from Hyderabad. I am delighted to welcome Nationwide, another leading American insurance company, to Telangana’s growing line-up of strong Global Value Centers (GVCs). It is heartening to see global enterprises choosing Hyderabad to build innovation at scale, drawing on the exceptional talent and capabilities our state has to offer,” Sridhar Babu said.
