Management Strategies

11:35 AM
Connect Directly
Facebook
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

Allstate Restructures, Boosting Tech's Profile

A new Emerging Businesses unit unites Esurance and connected car initiatives under one umbrella.

Allstate announced business restructuring today, and tech initiatives were firmly in the spotlight.

Don Civgin, formerly president and CEO of Allstate Financial, is now president, Emerging Businesses, reporting to corporate chairman and CEO Tom Wilson. This organization will include B2B, Esurance, Answer Financial, annuities, and the company's connected car initiatives, according to Allstate. In addition, EVP of technology and operations Suren Gupta has taken on the role of EVP Enterprise Technology and Strategic Ventures. He will continue to lead the global technology organization and oversee Allstate's investments in companies that "advance its technology-driven customer-focused strategy." Gupta also continues reporting to Wilson.

[Allstate CEO: Tech Crucial to Customer Relationships]

"These changes will help us build the next-generation corporation which delivers strong business results as a purpose-driven organization that improves the lives of people and communities,"  Wilson said in a statement. "We will better serve customers, accelerate innovation and continue to set the pace of change for the competition."

In another major shift, Matt Winter is named president of the Allstate Corporation and CEO of its life insurance company. Allstate will integrate the life insurance business into its personal lines operation under Winter's leadership.

 

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Kelly22
50%
50%
Kelly22,
User Rank: Author
12/18/2014 | 11:47:33 AM
Innovation to come
Interesting move here, looks like Allstate's setting itself up for an innovative 2015. I wonder what we'll see from this division in the new year.
Register for Insurance & Technology Newsletters
White Papers
Current Issue
Insurance & Technology Digital Issue
Innovation? Check. Core modernization? Check. Security? Check. Today's insurance IT challenges don't stump this year's Elite 8.
Slideshows
Video