Product & Pricing Careers
We consult with cross-functional teams to develop project requirements and resolve business issues that impact project scope, cost or quality.
Product & Pricing Careers at Allstate
Our go-to-market approach and commitment to innovation means ongoing learning, advancement, and internal mobility as we provide valuable ratemaking and financial counsel to Allstate business leadership.
Why work in Product and Pricing at Allstate?
- You can directly drive the business decisions that shape the organization’s direction and profitability.
- You’ll work on the leading edge of innovation with countless opportunities for learning and development.
What’s essential to know about working in Product and Pricing at Allstate?
Our success is built on innovation, collaboration, systems thinking, business acumen, and integration with other business areas.
What unique perks & benefits opportunities are available for Product and Pricing professionals?
- Certification and/or exam support (subject to manager approval)
- Opportunities across various business lines in Product and Pricing
- A breadth of opportunities in other parts of the business, including sales, marketing, underwriting, and others
What different types of work or projects does this area focus on?
- Development of new products and enhancement of existing products to meet consumer needs and grow the business
- Effectively developing and managing appropriate pricing strategies to balance growth and profitability while meeting regulatory requirements
- Managing product launch through the go-to-market system, integrating with customer experience, marketing, sales, underwriting and claims
What roles are offered in Product and Pricing?
- Actuaries (various levels of actuarial and quantitative analysis experience)
As an actuary at Allstate, you’ll be able to explore different career paths. A variety of rotational experiences will allow you to work in several departments throughout your career. Available opportunities include standard auto, non- standard auto, and property insurance pricing; commercial pricing; specialty product lines pricing; and predictive modeling.
Property and Casualty actuaries are experts in evaluating costs, risks, and other issues associated with providing property and casualty insurance coverage. In addition, we help develop new products and evaluate our company’s financial condition. As experts, they also provide professional advice on financial issues and ratemaking techniques.
Life & Retirement (ALR) actuaries improve the loyalty and retention of existing customers through cross-selling ALR products and bringing new customers to Allstate, thereby accelerating profit growth. This group works closely with many areas of the company to create new products that meet the needs of our customers. Key stakeholders include Allstate senior management, shareholders, field representatives, government agencies, and customers.
- Quantitative Analysts (various levels of quantitative analysis experience)
Quantitative Analysts are experts in evaluating costs, risks, and other issues associated with providing insurance coverage. In addition, they help develop new products and evaluate our company’s financial condition. As experts in their field, P&C Quantitative Analysts may also be called on to provide recommendations on financial issues and ratemaking techniques.
- Pricing Technicians
The Technician family within the Product Operations department works closely with actuarial, quantitative analysts, underwriting, and coverage consultants to develop, analyze, and implement price and underwriting changes in Allstate’s various lines of business. Responsibilities include interacting with the different business units—as well as internal customers—in technology, state filings, other teams within Product Operations, and state departments of insurance.
- Line Management (actuaries and various related backgrounds)
Line Management manages and provides countrywide strategies that foster the success of a product line. This team leads innovations and integrates line needs across the company and is responsible for the overall financial and product health of the line.
- Product Management
Considering product, pricing, and risk management levers, Product Management makes business decisions for a line of insurance or defined marketplace. This team evaluates opportunities and challenges in the marketplace and builds strategies to address them while ensuring integration with other business units to achieve growth and profitability objectives.
- Underwriting
To improve growth and profit opportunities for new and in-force commercial lines of insurance, the Underwriting team provides underwriting support and direction to the sales management team and their marketing forces. The team focuses on quality, communication, and policy evaluation to support a profitable book of business.
- Project Management (PMP certificate preferred at some levels)
The Project Management team is responsible for implementing projects, designing and enhancing processes, and overseeing Territory, Region, and Product Line portfolios. Individuals on this team work closely with actuarial and quantitative analysts, underwriting and coverage consultants, business sponsors, and field contacts to deliver projects on time, within budget and with quality.
Discover Allstate
Future Events
Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.
For jobs in San Francisco, please click here for information regarding the San Francisco Fair Chance Ordinance.
For jobs in Los Angeles, please click here for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.
To view the “EEO is the Law” poster click here. This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance Programs.
To view the FMLA poster, click here. This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.
To view the EPPA poster, click here. This Employee Polygraph Protection Act prohibits most private employers from using lie detector tests either for pre-employment screening or during the course of employment.
It is the Company’s policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee’s ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee’s terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.
WEB ACCESSIBILITY | PRIVACY & SECURITY | RECRUITMENT FRAUD NOTICE | SITEMAP
© 2021 Allstate Insurance Company. All rights reserved.