“Allstate’s Data-Driven Business Transformation Initiative” – Forbes

Nov 15, 2018

by Randy Bean – Like the majority of legacy firms today, Allstate Insurance, founded in 1931 as the insurance arm of Sears Roebucks, must find new ways to compete in an increasingly competitive and digital marketplace. Luckily, Allstate was spun out of Sears in 1993, and unlike Sears, has continued to grow and prosper. While Allstate is the 2nd largest provider of property and casualty insurance in the U.S. according to A.M. Best, Sears has become the poster child for how data-driven tech giants, in this case Amazon, can thoroughly disintermediate and destroy a once thriving and iconic company.

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