Allstate Becomes One of the First Major Insurers to Explore Quantum Computing Through Chicago Quantum Exchange

Allstate has taken a bold step into the future of technology by joining the Chicago Quantum Exchange (CQE) as a corporate partner, making it one of the first major insurers to invest in quantum computing research. The move aligns with Allstate’s long-standing emphasis on innovation and positions the company at the forefront of insurance technology transformation.

Quantum computing holds promise for solving data-heavy problems far beyond the capacity of classical computers. For insurance companies, this could mean faster and more precise ways to assess risk, detect fraud, and enhance operational scalability. Allstate aims to use this emerging technology to better serve policyholders, improve internal decision-making, and support long-term growth.

Through the CQE partnership, Allstate will collaborate with academic institutions, startups, and national laboratories across the Illinois-Wisconsin-Indiana innovation corridor. The initiative also opens doors for deeper engagement in artificial intelligence, machine learning, and other digital advancements that could benefit the insurance sector as it moves toward quantum-ready infrastructure.

The partnership highlights how forward-thinking insurers are preparing now for the quantum breakthroughs of tomorrow. With CQE’s growing ecosystem and Allstate’s operational scale, the collaboration could accelerate practical applications of quantum computing within the insurance industry.