Innovation Means More at Allstate
Allstate’s Innovation Team builds foundational platforms that can then be further expanded to create standalone businesses or completely reimagine a core business. They have the freedom to not only formulate solutions but to go on to prototype and build new products. “In my current role, Allstate presents an excellent opportunity to challenge conventional thinking and drive opportunities that impact multiple industries. Risk Map, consumer digital platforms, and Autonomous Vehicle Risk projects are some examples of initiatives that serve as avenues to reshape the future of Allstate in a major way” says Sunil, Director of Product Engineering & Data Research. Sunil takes pride in Allstate’s ability to take risks and to bet on the Innovation Team to drive all four pillars of a successful innovation strategy- Business Strategy, Technology, Design, and Go to Market. Araba, an Innovation Manager, is driven by the opportunity to tackle challenging problems across Allstate’s core pillars of auto, home, and life. Araba notes “We’ve worked on projects related to self-driving cars, peer-to-peer car sharing, the internet of things, and even new ways of thinking about life insurance risk. Every so often we get to take on greenspace challenges beyond Allstate’s core pillars – some of which can lead to new business lines for Allstate.”
Allstate has always been a leader of change – from seat belts to teen driving safety – and the Innovation Team is the evolution of the organization. Allstate is committed to making sure changes happen in house, rather than having change happen to the company and being reactive. This proactive attitude keeps the Innovation Team engaged as they drive Allstate toward new technology and new products. Dmitriy, a Lead Data Engineer, enjoys how the Innovation Team has been instrumental in driving Allstate’s ability to draw valuable insights from years of data that has been accumulated by multiple lines of business. “Our team of experienced analytics professionals have led multiple efforts, and by using the latest machine learning tools and techniques to look at historical trends, get ahead of the market, as well as continue to provide great customer experience. We have worked with virtually all lines of the Allstate business including automotive, life insurance, as well as home insurance and pushed the envelope in their ability to effectively utilize data to their advantage.”
Matt joined Allstate’s Innovation Team with the goal of building and leading a new business. “Allstate is embracing change at a much faster rate than it may seem at first glance, and the path forward is challenging and exciting. Our work is focused on disrupting the traditional insurance space by blending strong strategic thinking with a user centric solution approach that leverages data and analytics in new ways. We’re looking for new, excited talent to help a successful, strongly branded organization rethink what it means to sell insurance products in an increasingly digital world.”
Check out open opportunities to join leaders like Matt, Araba, Dmitriy, and Sunil as the future unfolds on the Allstate Innovation Team.