Joe C. Underwood
72 River Park Street
2nd Floor
Needham, MA 02494
Tel: 781-449-2866
Fax: 781-449-5340

  • Manufacturing
  • Distribution
  • Technology
  • Utilities
  • Enterprise Risk Mgt
  • Risk Technology


Joe serves as practice leader for the manufacturing, distribution, technology and utility industries. His leadership efforts in the areas of enterprise risk management (ERM) and risk technology span all industry verticals. Joe’s specialties include risk assessment, program review and design, and procurement. His risk assessment activities range from insurable risks to full enterprise-wide assessments. His ERM clients benefit from a pragmatic approach that is tailored to their organization.

For insurable risks, Joe first explores whether his clients are fully utilizing other forms of risk management, including contractual transfer, loss prevention, business continuity planning, and claims management. He then coaches clients in determining which risks to retain, at what levels, and through what methods. When insurance is utilized, Joe assists clients from the early stages of selecting the right insurance partners to the final stages of negotiating detailed policy language.


Joe has 23 years' experience in the industry, 19 of which have been with Albert Risk. He also has experience as founder of an enterprise risk management software company and as product manager of one of the world's first property and casualty insurance exchanges focused on transparency and efficiency in the commercial insurance buying process.


  • MBA, Finance, Babson College
  • BBA, Risk Management and Insurance, University of Georgia
  • Associate in Enterprise Risk Management (ARM-E)
  • Associate in Risk Management (ARM)
  • Chartered Property Casualty Underwriter (CPCU)

Professional Activities

  • President-Elect, Society of Risk Management Consultants

Publishing and Speaking Activity

Joe Underwood presented at the International Finance Institutions Insurance Forum at The World Bank headquarters in Washington, DC on September 19, 2017. He addressed two topics: Risk Mapping and Broker Selection.
Joe Underwood and Richard Foote presented at the CEO Resources Forum at Castle Hill, Newport, RI on July 18, 2017. Their presentation topics spanned cyber risks, risk management processes, and insurance procurement approaches.
There is no one right answer regarding which is the preferable approach between a single-insurer or multiple-insurer coverage placement. This article outlines various considerations so that an insured can evaluate their unique circumstances and sensitivities in order to make the best decision for their company.