Allstate - Great Company | Glassdoor
There are newer employer reviews for Allstate
There are newer employer reviews for Allstate

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"Great Company"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Process Consultant in Northbrook, IL
Current Employee - Process Consultant in Northbrook, IL
Recommends
Positive Outlook

I have been working at Allstate full-time (More than 5 years)

Pros

There are a lot of opportunities at Allstate. Allstate is a great company and have given me numerous opportunities for growth. Benefits are amazing and people are great. Great work/life balance.

Cons

Known as a conservative company. Have change strategy a couple of times in the last 3 years.

Other Employee Reviews for Allstate

  1. "All about corporate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent in Virginia Beach, VA
    Current Employee - Insurance Agent in Virginia Beach, VA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Allstate full-time (More than a year)

    Pros

    Potential money with broker out policies due to Allstate's high rates.
    They do not take in much commercial business as they are very selective.

    Cons

    They will raise there rates so high that it only effects the local agents.
    At times they are not competitive at all. Average renters insurance $10-$13, Allstate will come back around $25 dollars for the same coverage. Not even competitive.


  2. Helpful (2)

    "Financial Services Rep Is Much Harder Than The Letter They Send Out Describes"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Exclusive Financial Services Representative in Tulsa, OK
    Current Employee - Exclusive Financial Services Representative in Tulsa, OK
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Allstate full-time (More than a year)

    Pros

    Allstate is a well known company. They have great visibility, decent training, and good products. The agents are good people and clearly leaders in their field of P & C insurance.

    Cons

    The lead program the EFS or Financial Services Rep. which is referrals from P & C agents doesn't work. Commissions splits are too low for the P & C agent to care.Their bonuses are too difficult to reach for them to try too hard. They can also write the business themselves when they happen upon a good lead. The training for referring leads is non-existent or "created" by the individual managers (most of whom have never sold financial products).

    Also, the relationship between the P & C agent and their customers is lot different than a typical financial advisory relationship. It is more transactional and not very personal. Some agents do not even talk to their customers, their staff handles the entire transaction. It is similar to a warm lead (like a mutual friend) but is not a referral in the traditional sense because their customers do not see them as person they trust with their finances. The agent is their trusted car or home insurance person and not their trusted financial advisor. The referral does not carry the weight that normal referral would. And consider that everyone needs car insurance but not everyone is a prospect for financial services...the customer base is already limited for this reason. Out of 1000 policyholders, their might only be 25 good leads.

    Advice to Management

    Split commissions evenly. Make it to where the P & C agents must have a financial services rep as a split on every financial product written. Create a training program for each financial rep and the agents they will be working with to thoroughly train the agent on how to create leads. And make it a certification process or mandatory training.

    Also, bringing in successful partnerships to train other partnerships would be a great idea and help facilitate the idea of teamwork.

There are newer employer reviews for Allstate
There are newer employer reviews for Allstate

See Most Recent

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