Jessica Leigh—Courtesy of Allstate

    It’s always a painful bottleneck: After a fire or storm, homeowners can wait for weeks for adjusters to verify damage so they can file insurance claims. Allstate is attacking the delay with “virtual inspections,” using aerial imagery from satellites and drones and a customized video-streaming app managed by its tech subsidiary, Arity, to confirm damage from wind, fire, and hail. Customers get paid faster, while Allstate’s processing costs drop.    

    Company Information

    Impact SegmentEconomic Opportunity/Financial Inclusion
    IndustryInsurance: Property & Casualty
    CEOThomas Wilson
    Company TypePublic
    Revenues ($M) (Last Fiscal Year)$38,524
    Profits ($M) (Last Fiscal Year)$3,189
    Market Value ($M)$34,087