The recipient of a Master's degree and Ph.D. in Civil and Environmental Engineering from the Massachusetts Institute of Technology, Albert Essiam of Somerville, Massachusetts, has almost two decades of experience working as a business consultant and risk manager. Presently, Mr. Essiam works as a Managing Director of Catastrophe Strategy and Analysis for The Travelers Companies, Inc. Since joining the insurance provider's Hartford, Connecticut, office in 2007, Mr. Essiam has developed and managed several frameworks designed to better organize operations and projects and to prioritize the types and levels of risk.
With The Travelers Companies, Albert Essiam applies his 18 years of experience strategically designing, developing, and executing Enterprise Risk Management (ERM) programs and processes. During his career, he has achieved a proven track record of formulating financial, economic, and analytic models designed to guide the decision-making of executives. At his current job, Mr. Essiam implemented a risk quantification model that produced $1 million in operational savings. Mr. Essiam also shaped The Travelers Companies' approach to managing terrorism, tornado, and hail risks, and he devised a risk prioritization framework for deciding the types and degrees of risk that should be serviced or transferred based on their severity, potential frequency, and impact. In addition, his professional duties include leading initiatives focused on emerging risk reviews and analysis and evaluating the risks of integrating new technologies into business processes.
Before joining The Travelers Companies, Albert Essiam worked for Risk Management Solutions in Hackensack, New Jersey; RISConsulting Group, LLC, of Boston; and international consultancy McKinsey & Company in Atlanta. Mr. Essiam also served as a Senior Consultant of the Liberty Mutual Insurance Company's Corporate Research and Strategy Group. During his free time, Mr. Essiam mentors underprivileged children, and he enjoys playing tennis and riding his bicycle.