CISCAREERS IN INSURANCE

Definition

• Promise

• Transfer of Risk

• Indemnity Principle

• Social Device

Industry Background

•8,000 Companies

•2 Million People Employed

•3.1 Trillion in Assets

STATE FARM COMPANIES

Auto (Health)

Fire

Life

State Farm in the Industry

Auto Fire Life Health0

5

10

15

20

25

% MarketShare

Auto Fire Life Health

STATE FARM IN THE FORTUNE 500

GM

Ford

Exxon

Wal-M

art

AT&T

IBM

Gen Elec

Mobil

Chrysler

Phillip Morris

Prudential

State Farm

DuPont

Texaco

Sears

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

Revenues($ millions)

GM

Ford

Exxon

Wal-M

art

AT&T

IBM

Gen Elec

Mobil

Chrysler

Phillip Morris

Prudential

State Farm

DuPont

Texaco

Sears

IT Opportunities

.One of the Top 100 IT Shops according to a Computerworld Survey

Opportunities in Insurance

Wide variety of languages•Cobol / PL/1•Java / Visual Basic•C++

•Database administration•Mainframe/Workstation based applications•Web development •eCommerce•State Farm Bank•Management

Service Functions

• Create new products for our policyholders• Enhance the quality of existing products• Support legislative changes• Support new endeavors in other markets• Provide more services through multi-media • Support 27 regions, 3 CRCs, 16,500 agents• General Expenses

Technical Skills

• Problem Solving

• Project Development / Methodology

• Language Training / Knowledge

• Hardware and Software Knowledge

Day to Day

• What Rob and Steve do on an average day.

Professional Development

• In-House Courses

• Insurance Education

– ChFC, CLU, CPCU

• Professional Designation

– MBA, Masters

Benefits

• Education Costs• Medical and Life Insurance• Bonus Programs• Retirement Plan• Profit Sharing

– Company Contribution– Company Matching Program

What to expect when you start

• Formal Training (IPEP and BASE)

• On the Job Training

• Mentoring

• Overtime

• Flex-Time

Career Paths

Stability

Diversity

Opportunity

STATE FARM DATA

• 79,000 Employees– 11,000 Corporate Employees– 5,000 Systems Employees

• 16,500 Agents

Closing Thought

WWW.STATEFARM.COM