This strategic partnership aims to harness the power of quantum computing to transform key areas such as risk assessment, fraud detection, and customer service.
By joining the CQE, Allstate gains exclusive access to a network of leading quantum researchers, innovative startups, and technology experts throughout the Illinois-Wisconsin-Indiana region. This collaboration positions Allstate at the forefront of exploring practical quant
um applications tailored to the insurance industry.
“Allstate has thrived for 94 years by creating the future, not simply adapting to trends,” said Tom Wilson, Chair, President, and CEO of The Allstate Corporation. “Quantum computing is a path to better serving customers, providing opportunity for employees, and generating returns for shareholders. Allstate’s all in!”
David Awschalom, Liew Family Professor of Molecular Engineering and Physics at the University of Chicago and director of the Chicago Quantum Exchange, expressed enthusiasm about the partnership. “Quantum technologies offer transformative potential for many industries, including insurance. Companies like Allstate that are working now to develop sector-specific future applications will be among the first to reap the benefits. We are excited to collaborate with Allstate and welcome them as a partner to the Chicago Quantum Exchange.”
This collaboration marks a notable milestone as Allstate explores the frontiers of quantum technology to enhance its services and maintain its leadership in the insurance sector.
