Tag Archives: Allstate

A Case Study on Approach to Talent Management: Allstate Inc.

These responsibilities included examining the business strategies to define and develop the capabilities required for key roles at various levels. To accomplish this, we identified a set of competencies or success factors that link many of our talent systems together. As a result we adjusted the way Allstate assesses people for hiring, promotion, and development. It included aligning development products and processes to reinforce and build the capabilities defined by our strategies. We linked together processes and practices beyond learning that effect performance, such as performance management, succession planning, talent reviews, development, and so forth. Click here to read more…

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A Case Study on Enterprise Risk Management: Allstate Inc.

In 2000, The Allstate Corporation started on an exciting and uncharted new course: to become an early insurance industry adopter of enterprise risk management (ERM). It has been a complex journey that has helped provide a deeper insight into the company’s underlying risk profile, enhanced the way Allstate manages risk in several significant ways and helped generate actions to better exploit risk opportunities.

The company’s initial effort began some years earlier at the direction of then-CFO, Tom Wilson, who established new capital allocation and valuation models for use in the finance function. Later, as Wilson moved into an operating role, John Carl joined Allstate as CFO and asked his staff what the company’s risk-adjusted returns were. A series of conversations resulted in a decision to explore developing a more quantitatively rigorous approach to measuring risk, similar to what was practiced in the oil and gas industry. Click here to read more…

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A Case Study on Professional Practice Capital

Professional Practice Capital wanted to change its name to PPC LOAN after many years of being known as “PPC” to its customers. As one of the country’s few commercial loan originators focused on Allstate insurance agents, veterinarians and dentists, the company had a unique story to share. PPC LOAN also had a major announcement to make regarding its launch of the insurance industry’s first Allstate Agency Value Index. The index was created as a value-added service for Allstate agents to gauge what other agencies are selling for. As if a rebrand and new product launch weren’t enough to conquer, the economy moved into a full-blown recession, leaving PPC LOAN’s potential audience wary of bank financing organizations. Click here to read more…

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Allstate Case Study

With assets in excess of US $134 billion, revenues of more than US $32 billion and nearly 40,000 employees, Allstate serves more than 16 million households and is the largest publicly held property and casualty insurance company in the United States. In 2000 Allstate internal audit implemented a formal IT control framework and adopted Control Objectives for Information and related Technology (COBIT). Allstate internal audit uses COBIT to scope and plan all audits. In addition, efforts are underway by Allstate’s infrastructure group to build-in appropriate COBIT controls into select infrastructure processes.

Allstate Case Study

After the Sarbanes-Oxley Act was passed in the US, Allstate began using COBIT to evaluate IT governance and control, obtain benchmarks for assessing automated controls embedded in key business processes and assess the control activities performed by the company’s application support team. COBIT helps ensure alignment between business strategies and technology investments. Allstate has also found that COBIT helps it achieve an effective balance of appropriate and consistent controls to improve the efficiency and effectiveness of the business. Click here to read more…

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A Case Study on Corporate Image Reputation and Identity

Case Study about Corporate Image Reputation and Identity

Corporate Overview: Proctor and Gamble is a Fortune 500 multinational corporation producing consumer goods. The headquarters are in Cincinnati, Ohio, USA. It is the 8th largest corporation in the world in terms of its market capitalisation and its market capitalisation is greater than the GDP of many countries. The company has operations in more than 180 countries and is serving nearly 4 billion consumers.

Consumers: For consumers, P&G stand for quality and value for money. P&G has always put consumer at the centre and has always evolved itself with their demands. As a corporate, it supports events and programs through sponsorships to ensure greater visibility and also gives its consumers opportunities to become a part of their growth. For example, P&G sponsored Allstate Gospel music Super fest, US Olympic team and the launch of Brighten Bay Idol, an online talent search for the next bright star.

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