Blogger Archives: Alice Underwood

Alice Underwood

Alice leads the Insurance Consulting and Technology practice of Willis Towers Watson, comprising over 1,200 colleagues operating in 35 markets worldwide.  This team’s services and solutions help insurance industry clients manage risk and capital, improve business performance, and create competitive advantage. Alice’s previous roles in Willis Towers Watson have included heading Analytics for Willis Re North America and serving on Willis Re’s global leadership team. Before she joined Willis Towers Watson in 2006, Alice led a team of actuaries and catastrophe modelers at Guy Carpenter. Prior to that, she led actuarial pricing teams for Zurich Re in both North America and Switzerland. In addition, Alice has held a number of volunteer leadership roles within the insurance industry, including serving on the boards of the Casualty Actuaries of Greater New York (CAGNY), the Casualty Actuarial Society (CAS), and the American Risk and Insurance Association (ARIA). Education and Credentials: Alice holds a Bachelor ostrongScience in mathematics from The University of Texas and a Ph.D. in mathematics from Princeton University.  She has also attained FCAS, CERA, and MAAA designations.

Finding the opportunity in enterprise risk management: What’s in a name?

Man sitting at a desk working on a computer and holding a tablet while a man and woman are standing at a table in the background

The strategic chief resource officer realizes that enterprise risk management is about breaking down the silo mentality and analyzes risk and opportunity together. Continue reading →

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 →