Allstate is opening a new innovation center in Chicago, and it’s bringing hundreds of tech jobs to the new Merchandise Mart space.
The insurance giant announced Tuesday that it plans to open an innovation hub on the 8th floor of the Merchandise Mart that expects to bring nearly 400 jobs to Chicago.
Allstate says the new jobs will primarily work with the company’s Connected Car and Quantitative Research & Analytics (QR&A) teams, and it plans to hire “top quantitative scientists and innovation specialists.”
“This move builds on our success in changing the insurance marketplace by providing the most cutting-edge products and services for consumers,” Allstate CEO Thomas Wilson said in a statement.
In Allstate’s Connected Car division, the company is working on “next-generation telematics” and working on things like vehicle diagnostics, crash detection, gas-price information, and safest-route mapping. Allstate’s QR&A team leads research, synthesizes data and builds predictive modeling, the company said, which helps Allstate anticipate risk and develop new products and services.
Allstate joins the burgeoning tech ecosystem that’s growing in the Merchandise Mart, which already houses Motorola, Braintree, digital startup hub 1871 and healthtech hub MATTER.