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Free Essays Finance Financial News Lines Of Insurance And Collaborative Work Environment

Essay About Lines Of Insurance And Collaborative Work Environment

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Essay, Pages 1 (504 words)
Latest Update: June 16, 2021
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Allstate
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Allstate Mission Statement
To be the bestserving our customers by providing peace of mind and enriching their quality of life through our partnership in the management of the risks they face.

Allstate was founded in 1931 as part of Sears, Roebuck & Co., and became a publicly traded company in 1993. On June 30, 1995, it became a totally independent company after Sears divested its remaining shares to Searss stockholders. Allstate celebrated its 75th Anniversary on April 17, 2006. Allstates headquarters is in Northbrook, Illinois. This company is one of the nations leading insurers in urban areas and has supported auto and highway safety reforms including seat belts, air bags, and teen driver education. The company has won numerous awards over the years for its charitable and employee volunteerism efforts.

Allstate is the worlds largest publicly held personal lines insurer. It has operations in 49 states and Canada. Allstate sells 13 lines of insurance with auto, property, life and commercial insurance as the major lines. Allstate offers retirement and investment products and banking services. There are nearly 70,000 employees for Allstate. Of that 70,000, 29.4 percent are minorities and 58.9 percent are women.

Allstate encourages accountability, innovative thinking, and continuous learning and improvement. It is a fast-paced, challenging, and collaborative work environment. This company rewards employees for their performance.

I want to work for Allstate because it is a place of advanced technology, innovative products and unlimited opportunity. Allstate has over 20 million customers and is the largest publicly held property and casualty insurance company in the world. Allstate have many opportunities for self-starting people who are looking for challenge, and ready for change.

I want to work in an environment that is fast-paced and has high performance. It is good to work with a diverse team of employees who value your ideas and are committed to integrity, caring, initiative and innovation. Working for Allstate will help expand my skills in education, training, and recognition so that I can be a top performer.

Allstate has the Cafeteria Plan which includes: time away from work, medical, dental, vision, employee life insurance, dependent life insurance, accidental death and dismemberment insurance, long term disability insurance, health care flexibility spending account, dependent day care flexible spending account, group legal, Allstate retirement plan, profit sharing fund, and many other benefits.

There are seven types of careers offered at Allstate. They are Actuarial, Agencies, Auditing, Claims, Information Technology, Finance and Accounting, and Investments.

Actuaries play a very important role in developing the property and casualty products that Allstate agents sell to customers. An actuarys task includes everything from researching new product concepts and product enhancements to recommending and implementing pricing changes in each state. Allstate actuaries use their unique mixture of problem solving, analytic, and communication skills to forecast the costs, expenses and income associated with providing insurance coverage.

Agents are known to operate his or her own business as an independent contractor. By running your own insurance agency, you will have great control over your career and income potential. One can become an agent by purchasing

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Lines Of Insurance And Collaborative Work Environment. (June 16, 2021). Retrieved from https://www.freeessays.education/lines-of-insurance-and-collaborative-work-environment-essay/

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