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Financial E-Content > Insurance
Insurance
1. Asset Liability Management for Insurance companies - A Library of 29 Courses
1. Scope of ALM
 
Topics covered include:
  • The concept of asset liability management
  • The various types of market risks and their implications on the institution
  • The short term and the long term risks
Duration: 2 hours
 
  2. Overview of ALM in Insurance Companies
 
Topics covered include:
  • The concept of asset liability management in insurance companies
  • The applications of asset liability management
  • The different types of risks in insurance
  • The overall approach for managing risks
Duration: 2 hours
 
  3. A 9 Part Framework of ALM
 
Topics covered include:
  • The purpose and significance of ALM framework
  • In detail the nine-components of ALM framework
  • The role, relevance and application of the framework
Duration: 2 hours
 
  4. Strategies for ALM
 
Topics covered include:
  • The various types of strategies in ALM process
  • The difference between the various strategies that can be used on the basis of parameters such as speed, flexibility, costs and risk involved
Duration: 2 hours
 
  5. Overview of Life and Property and Casualty Industry
 
Topics covered include:
  • The different types of insurance companies
  • The players in the insurance market place
  • The functions of insurance
  • The background and the type of life and property and casualty insurance products
  • The global landscape and the changing face of the insurance industry
Duration: 1-2 hours
 
  6. Annuities
 
Topics covered include:
  • The concept of annuities
  • The importance of annuities
  • The different types of annuities
  • The concept, features and applications of Equity Indexed Annuities
  • The indexing methodologies employed
Duration: 2 hours
 
  7. Actuarial Principles
 
Topics covered include:
  • The role played by an actuary in the insurance industry and the nature of actuarial practice
  • The distinction between the principles and standards used in the actuarial profession
  • The principles of actuarial science based on probability and statistics, behavioral economics, actuarial models and financial security systems
Duration: 2 hours
 
  8. Reinsurance
 
Topics covered include:
  • The concept of reinsurance and the need for it
  • The different types and methods of reinsurance
  • The alternative risk transfer mechanisms in reinsurance
  • The basic functions of reinsurance
Duration: 2 hours
 
  9. Insurance Linked Securitization
 
Topics covered include:
  • The process of insurance linked securitization
  • The concept of insurance loss indices
  • The various securitization instruments
  • The types of insurance risk transfers
  • The advantages and disadvantages of insurance linked securitization
  • The future of insurance linked securitization
Duration: 2 hours
 
  10. Yield Curve Analysis
 
Topics covered include:
  • The concept of yield curve and its types
  • The various theories under yield curve analysis
  • The types of interest rates and its computation
  • The applications of yield curve analysis
Duration: 2 hours
 
  11. Interest Rate Gap I
 
Topics covered include:
  • The concept of gap analysis
  • The method of preparation of gap report
  • The process of calculating gap, cumulative gap and related measures
  • The critical factors that have to be considered while slotting balance sheet items in the gap report.
  • How to identify the key positions in gap report
Duration: 2 hours
 
  12. Interest Rate Gap II
 
Topics covered include:
  • The computation of income statement impact of gap
  • The process of setting up gap limits
  • The various restructuring strategies to be followed if gap is not within limits
  • The strengths and limitations of gap analysis
Duration: 2 hours
 
  13. Simulation and Scenario Analysis I
 
 
Topics covered include:
  • The concept of simulation
  • The process of measuring risk positions or simulating various accounts and setting risk limits.
  • The distinction between various methods of choosing scenarios for simulation
  • The ways of presenting the outcomes of simulation
  • The various criteria used for selecting an appropriate business strategy
  • How to avoid analysis paralysis
  • The components and issues involved in simulation modeling
  • The concept of stress testing and backtesting
Duration: 2 hours
 
  14. Simulation and Scenario Analysis II
 
Topics covered include:
  • The modeling of non-specific maturity items and the factors that affect these items both from the assets and liabilities perspectives.
  • The techniques for identifying various factors that affect account balances and for analyzing rate sensitivity of core deposits .
  • The need to align the business plan with various rate scenarios
  • The process and steps involved in monte carlo simulation
  • The advantages and disadvantages of monte carlo simulation
Duration: 2 hours
 
  15. Duration I
 
Topics covered include:
  • The concept of duration and modified duration
  • The application of formulae for duration and modified duration
  • The computation of different types of bonds
  • The relationship between duration, yield, coupon, maturity of a bond and thereby comprehend the properties of duration
Duration: 2 hours
 
  16. Duration II
 
Topics covered include:
  • The computation of duration of perpetual bonds, embedded options and floaters
  • The computation of duration of a portfolio
  • The application of the concept of duration for off-balance sheet items
  • The effects of approximation involved while using modified duration
  • The difference between gap and duration
  • The strategies of risk management
  • The strengths and limitation of duration
Duration: 2 Hours
 
  17. Duration III
 
Topics covered include:
  • The calculation of duration of equity
  • The designing of hedging strategies to manage the interest rate sensitivity of the balance sheet
  • The computation of duration of complex items by using the concept of portfolio replication
  • The derivation of the zero coupon yield curve using the present value of cash flows.
Duration: 3 hours
 
  18. Convexity
 
Topics covered include:
  • The concept of convexity and its properties
  • The calculation of convexity of different types of bonds
  • The computation of convexity of a portfolio
  • The impact of price change on convexity
  • The concept of positive and negative convexity
Duration: 2- 3 hours
 
  19. Basis Point Value
 
Topics covered include:
  • The concept of basis point value
  • The change in the value of the portfolio due to one basis point change in the interest rates
  • The relationship between BPV, duration and modified duration
  • The calculation of BPV of on-balance sheet and off-balance sheet items
  • The computation of BPV of a portfolio
  • The advantages of BPV as a risk control technique
Duration: 2- 3 hours
 
  20. Value at Risk I
 
Topics covered include:
  • The concept of Value at Risk
  • The concept of trading and banking book
  • The various methodologies of estimating VaR and their strengths and weaknesses
  • The comparison between the strength and limitation of VaR
Duration: 2 hours
 
  21. Value at Risk II
 
Topics covered include:
  • The computation of VaR of foreign exchange spot, foreign exchange options positions, common shares/stocks, fixed income portfolio
  • The various applications of VaR
Duration: 2- 3 hours
 
  22. Application of Analytical Techniques
 
Topics covered include:
  • The framework of the analytical techniques - gap, duration, simulation and value at risk
  • The concept and assumption under each technique
  • The comparison and analysis of each of the techniques across various parameters
  • The application of techniques with real life case studies
Duration: 2 hours
 
  23. AL Organization
 
Topics covered include:
  • The various elements of AL Organization viz., the ALCO, the AL sub-committee, and the ALCO support group
  • The scope of ALCO
  • The key issues of centralization and decentralization
Duration: 2 - 3 hours
 
  24. ALCO Meetings
 
Topics covered include:
  • The operational aspects of ALCO meetings
  • The data requirements of ALCO meetings
Duration: 1- 2 hours
 
  25. ALM Policies and Procedures
 
Topics covered include:
  • The ALM policy and the procedure manual
  • The contents of the ALCO reports
Duration: 1-2 hours
 
  26. Audit of ALM
 
Topics covered include:
  • The significance and concept of audit of ALM function
  • The overall approach and scope for the function of ALM audit
  • In detail the applications of the audit process
  • The various types of AL models and examine different scenarios and assumptions involved in the audit
Duration: 2 - 3 hours
 
  27. Regulations in Insurance Industry
 
Topics covered include:
  • The growing relevance of regulation in the insurance industry
  • The various measures adopted by insurance regulators
  • The capital regulation initiatives undertaken by prominent insurance supervisors
  • The future developments in insurance regulations
Duration: 2 hours
 
  28. Software Applications
 
Topics covered include:
  • The areas of software application in the insurance industry
  • The various considerations for choosing a software package
  • The working of various software packages for the insurance industry
Duration: 2 hours
 
  29. Case Study - Confederation Life Insurance
 
This course discusses the case study of Confederation Life Insurance Company - what actually happened and the lessons learnt Duration: 2- 3 hours
 
  Disclosures
  Regulations
  Policy Template
  Measurement Tools
  Global Best Practices
  Crossword
2. Asset Securitization Version 2.0 - A Library of 28 Courses
 
 
  1. Overview
 
This course gives an introduction to asset securitization and its process and the different entities involved in securitization. It helps the user understand:
  • Process of asset securitization
  • Cash flows in asset securitization
  • Benefits to different entities in Asset securitization
  • Global scenario of asset securitization
Duration: 2-3 hours
 
  2. Credit Enhancement
 
Topics covered include:
  • Fundamentals of credit enhancement
  • Types of credit enhancement
  • Companies providing credit enhancement
  • Calculating credit enhancement
Duration: 2-3 hours
 
  3. Ratings Approach to Asset Securitization
 
This course explains the process of rating the asset backed securities. It helps the user understand:
  • Credit rating in asset securitization
  • Various concerns of rating agencies
  • A generalized approach used by rating agencies
Duration: 2 hrs
 
  4. Residential Mortgage Backed Securities-Basics
 
Topics covered include:
  • Basics of Mortgage backed securities
  • Federally sponsored mortgage securities
Duration: 1 hrs
 
  5. Residential Mortgage Backed Securities-Prepayments
 
Topics covered include:
  • Concept of prepayment
  • Different prepayment standards
Duration: 1 hrs
 
  6.Residential Mortgage Backed Securities-Basic Structures
 
Topics covered include:
  • Pass Through Securities
  • Pay Through Securities
Duration: 1 hrs
 
  7. Residential Mortgage Backed Securities-Basic Structures
 
This course gives an introduction to Mortgage Backed Securities (MBS) and its features.Topics covered include:
  • Planned Amortization Class
  • Targeted Amortization Class
  • Stripped Mortgage Backed Securities
  • Floaters
  • CMO Residuals
Duration: 1 hrs
 
  8. Mortgage Backed Securitization (Commercial)
 
This course gives an introduction to Commercial Mortgage Backed Securities (CMBS) and its features. Topics covered include:
  • Differences between residential and commercial mortgages
  • Elements and features of a typical CMBS
  • Commercial loan evaluation and rating process
Duration: 2 -3 hrs
 
  9. Auto Loan Receivables Securitization
 
This course gives an introduction to Auto Loan Receivables Securitization and its structure. Topics covered include:
  • Types of auto loans originated and securitized
  • Structure of auto loan backed securities
  • Features of trust structures
  • Rating process in auto loan securitization
  • Significant aspects of securitization for first time securitizers
Duration: 2-3 hours
 
  10. Credit Card Receivables Securitization
 
This course gives an introduction to Credit Card Receivables Securitization and its process and features.Topics covered include:
  • Fundamentals of Credit Card Receivables
  • The structure of Credit Card Receivables transaction
  • Securitization process
  • Various measures of maturity
  • Concepts of Interchange and Early Amortization
  • Rating process for credit card receivables securitization
Duration: 2 hours
 
  11. Collateralized Debt Obligations
 
This course gives an introduction to Collateralized Debt Obligations (CDOs).Topics covered include:
  • Fundamentals of CDOs
  • Balance Sheet Vs. Arbitrage CDOs
  • Cash Flow Vs. Market Value Structures
  • Synthetic Structures
  • Motivations behind CDOs
  • Rating Process
  • Role of Asset Manager
  • Distinction between CBOs and CLOs
Duration: 3 hours
 
  12. Case Studies (CDOs, CLOs, CBOs)
 
This course explains the practical aspects of collateralized obligations, its structure and design with the help of case studies. It discusses the following case studies:
  • Jubilee CDO I B.V.
  • ROSE Transaction
  • SBC Glacier Transaction
  • Panther CDO II B.V.
Duration: 3 Hours
 
  13. Future Flow Receivables Securitization
 
Topics covered include:
  • The basics of future flow receivables securitization
  • Reasons for future flow receivables securitization
  • Risks involved
  • Securitization of airline ticket receivables
  • Securitization of export receivables
Duration: 2- 3 hours
 
  14. Home Equity Loans
 
This course explains Securitization of Home Equity Loans with case studies. It helps the user understand:
  • Fundamentals of Home Equity Loans
  • Types of Home Equity Loans
  • Pros & Cons of Home Equity Loans
  • Securitization of Home Equity Loans
  • Structures based on credit enhancement
Duration: 2- 3 hours
 
  15. Insurance Risk Securitization-I
 
Topics covered include:
  • Concepts underlying Insurance Risk Securitization
  • Insurance Loss Indices
  • Instruments of Insurance Risk Securitization
  • Weather Risk Securitization
  • Advantages and disadvantages of Insurance Risk Securitization
Duration: 2- 3 hours
 
  16. Insurance Risk Securitization-II
 
This course gives an introduction to the concept of Catastrophe (CAT) Bonds and the process.Topics covered include:
  • CAT Bonds
  • Issuance of CAT Bonds
  • Probabilities and Cash Flows of CAT Bonds
  • Types of Insurance Risk Structures
Duration: 2- 3 hours
 
 
  17. Case Studies (Non-Performing Loans)
 
This course gives an introduction to securitization of non-performing loans. It discusses the following case studies:
  • Korea Asset Funding 2000-1 Limited (KAMCO)
  • Ariosto S.r.l
  • Danaharta
  • Japan II Ltd.
 
  18. Case Studies (Different Products)
 
This course introduces the user to a few other products that can be securitized. It deals with case studies of products like:
  • Trade receivables securitization
  • Equipment lease securitization
  • Inventory securitization
  • Dealer floorplan receivables securitization
Duration: 2- 3 hours
 
  19. Case Studies (Asia and Australia)
 
This course discusses the following case studies from Asia and Australia:
  • LG Card
  • Pemex Finance Ltd.
  • RAMS Mortgage Corp. Ltd. Series 11
  • Series 2002-1G Medallion Trust
Duration: 2 hours
 
  20. Case Studies (North America and Europe)
 
This course discusses the following case studies from North America & Europe,the largest markets in terms of securitization:
  • Wells Fargo Student Loans Receivables I LLC
  • BEC Funding LLC
  • Ares Finance S.r.l.
  • LIBRAVOU FL3
Duration: 2- 3 hours
 
  21. Healthcare Receivable Securitization
 
This course gives an introduction to securitization of healthcare receivables securitization. It discusses the following:
  • Concepts of healthcare receivables
  • The case of National Century Financial Enterprise
 
  22. Asset Backed Commercial Paper
 
This course gives an introduction to Asset Backed Commercial Paper (ABCP) conduits. It helps the user understand:
  • Fundamentals of ABCP conduits
  • Key parties to a transaction
  • The risks faced by ABCP investors and methods to mitigate them
  • Assets securitized through ABCP conduits
  • Legal issues associated with ABCP conduits
Duration: 2 hours
 
  23. Project Management
 
Topics covered include:
  • An outline of various components of a basic asset securitization policy statement
  • Project Plan for Credit Card Responsibility Delegation
  • Project Plan for Auto Loans Responsibility Delegation
Duration: 1.5 hours
 
  24. Risk Management
 
Topics covered include:
  • The risks involved in asset securitization
  • Nature of these risks
  • Methods to manage each risk
  • General risk management measures
  • Risk-based capital requirements
Duration: 2- 3 hours
 
  25. Legal Aspects
 
Topics covered include:
  • The importance of ownership and title to the collateral involved in securitization transactions
  • The importance of establishing priority in having recourse against the collateral
  • The bankruptcy issues and the consequent reforms in the United States
  • The procedures for ABS issue as under the United States laws
  • The UN convention on Assignment of Receivables
 
  26. Accounting
 
This course discusses the accounting aspect of asset securitization and the laws governing this issue. It helps the user understand:
  • Accounting for Asset Securitization under FAS 140
  • Sale and loan treatment
  • Gain or loss on sale accounting
  • Investor Accounting
  • Bank Regulatory Capital Relief
  • International Accounting Standard: IAS 39
Duration: 2 hours
 
  27. Tax
 
Topics covered include:
  • Taxation of different participants in the securitization process
  • Tax issues in select countries
  • Applicability of Withholding Tax
  • Relevant aspects of The U.S. FASIT Law
Duration: 2- 3 hours
 
  28. Supervision
 
Topics covered include:
  • Office of the Comptroller of the Currency
  • Federal Deposit Insurance Corporation
  • Federal Reserve System
  • Interagency guidance on asset securitization activities
Duration: 2- 3 hours
 
  Disclosures
  Regulations
  Measurement Tools
  Policy Template
  Global Best Practices
  Prospectuses
  Benchmarking Data
 
 

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