Allstate Expands Quantum Push to Sharpen Insurance Pricing

Quantum computing could give insurers a new way to model large numbers of interconnected variables, including how severe weather affects individual properties over years or decades. Allstate sees the technology as a potential tool to overcome limits in conventional pricing models, which cannot capture every risk factor, and to insure more homes at prices that better reflect the exposure carried by each policy.

Allstate joined the Chicago Quantum Exchange on May 6, 2025, and is expanding its quantum computing research team as it prepares for the technology’s commercial arrival. In an Aug. 2 report, Chief Executive Tom Wilson said the insurer already had digital images of nearly every roof in the United States. Quantum systems could eventually run billions of weather simulations on those properties, helping Allstate calculate more precise premiums, though the technology is not yet ready for broad production use.