Blogger Archives: Alice Underwood

Alice Underwood

Alice Underwood is an Executive Vice President with Willis Re and leads the Analytics team for Willis Re North America, encompassing actuarial, catastrophe modeling, financial and rating agency advisory, and ERM services. Alice holds a Bachelor of Science in mathematics from The University of Texas and a Ph.D. in mathematics from Princeton University.

Continued industry/academic collaboration will improve understanding of catastrophe risk

Robust interaction among commercial catastrophe model vendors, re/insurers, intermediaries, and academic and government researchers is the best way to ensure our industry has the tools to deal with a changing risk environment. Continue reading →

The Dichotomy of Drones

drone sunset

The risks posed by the emergence of drone technology are finding their way onto the reinsurance agenda, particularly for the aviation and casualty markets. However, drone use is also fast emerging as key to driving disaster response and mitigation. Continue reading →

RAND Study: TRIA Expiration Could “Affect U.S. National Resilience”

The Terrorism Risk Insurance Act (TRIA), which provides a federal backstop for insured terrorism losses, will expire later in 2014. There’s been plenty of discussion about the disruption to insurance markets that could be created by failure to renew this … Continue reading →

Guide to ERM: Interdependence of Risks

newton balls

One of the reasons that so few people predicted anything like the financial crisis of 2007-2008 was the common wisdom that housing markets in different parts of the U.S. moved independently of one another, and that there was very little … Continue reading →

New Actuarial Standards Adopted for ERM

Earlier this year, the Actuarial Standards Board adopted  two new Actuarial Standards of Practice , ASOP 46  and ASOP 47 , likely to affect Enterprise Risk Management (ERM) practice worldwide. Continue reading →

Financing Future Catastrophes

Hurricane Sandy: Seaside Heights, NJ. 31 October 2012. Credit EPA

I read an interesting analysis of the current state of play with regard to financing disasters in the New York Times Opinion pages recently. Continue reading →

Our Scariest Natural Catastrophe – Unexpected Perfect Storms

Scariest Risks

The scariest risks are the ones that sneak up on people and catch them unprepared. Continue reading →