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KSD -larning and rfrnc products for th global financ profssional Highlights Library of 29 Courss Availabl Products Upcoming Products Rply Form Asst st Liability Managmnt for Insuranc Companis A comprhnsiv -larning product covring Global Bst Practics, Stratgic, Oprational and Analytical aspcts Th thm of this product: ALM as a tool for comptitiv advantag Tchniqus for Risk Managmnt Valuation challngs for insuranc liabilitis and structurd assts ALM as a catalyst in stratgy formulation for insuranc companis Visit us at: www.ksd.com to larn mor about our -larning products

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Highlights Hom Library of 29 Courss Availabl Products Upcoming Products Rply Form Ovrviw Th program has bn dsignd to discuss concpts and cas studis on Asst Liability Managmnt for th insuranc industry. Th cours discusss and rviws ALM concpts such as cash flows and risks of insuranc products (assts and liabilitis), applicabl rgulatory and capital guidlins, actual cas studis and currnt trnds and dvlopmnts. Th cours has bn dsignd to b concptually sound and practical. Aftr complting this cours, you will b abl to:! Bnchmark your institution by xamining ALM succss factors! Undrstand ky prformanc indicators for ALM and Risk Managmnt! Gain practical insights into how lading institutions ar utilizing ALM for valu cration! xamin how cash flows and risks of insuranc products affct ALM! Discuss th global bst practics in ALM followd by insuranc companis worldwid! xamin how to provid optimal ovrsight of th Risk Managmnt function! Study how to nhanc th ffctivnss of ALM Committs Targt Audinc vryon involvd in th global financial srvics industry (as a providr, usr, rgulator or advisor of product/srvics, marktplac/xchang) would bnfit from KSD s innovativ solutions.! Suprvisory Agncis! Cntral Banks! Financial Institutions - Commrcial Banks - Invstmnt Banks - Housing Socitis/Thrifts - Mutual Funds - Brokrag Houss - Stock xchangs - Drivativs xchangs! Insuranc Companis! Multinational Corporations! Accountancy Firms! Consultancy Firms! Law Firms! Rating Agncis! Multi-latral Financial Institutions! Othrs Cours Lvl and Numbr of Courss Basic Lvl. Library of 29 Courss Instructional Mthod Dynamic, Intractiv -larning Rcommndd Background Familiarity with basic financial concpts To Purchas Contact us at: PO Box 910207. CA 92191, USA. Phon: 858-755-8527 Fax: 858-755-6973 -mail: information@ksd.com Wbsit: www.ksd.com

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Library of 29 Courss Hom Highlights Availabl Products Upcoming Products Rply Form 1. Scop of ALM 2. Ovrviw of ALM in Insuranc Companis 3. A Nin-part Framwork For ALM 4. Stratgis for ALM 5. Ovrviw of Lif and Proprty & Casualty Industry 6. Annuitis 7. Actuarial Principls 8. Rinsuranc 9. Insuranc-linkd Scuritization 10. Yild Curv Analysis 11. Intrst Rat Gap I ALM for Insuranc Companis Tim takn to complt ach Cours: Two - Thr hours 12. Intrst Rat Gap II 13. Simulation and Scnario Analysis 1 14. Simulation and Scnario Analysis 2 15. Duration I 16. Duration II 17. Duration III 18. Convxity 19. Basis Point Valu 20. Valu at Risk I 21. Valu at Risk II 22. Application of Analytical Tchniqus 23. AL Organization 24. ALCO Mtings 25. ALM Policis and Procdurs 26. Audit of ALM 27. Rgulations in Insuranc Industry 28. Softwar Applications 29. Cas Study - Confdration Lif Insuranc JOB AIDS www.ksd.com

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Cours Dtails Hom Highlights Availabl Products Upcoming Products Rply Form 1. Scop of ALM Library of 29 Courss Intrst Rat Risk Forign xchang Risk Commodity Risk Stock Markt Risk Liquidity Risk Crdit Risk Short-trm Vs. Long-trm 2. Ovrviw of ALM in Insuranc Companis Applications Bnfits and Limitations Typs of Risks Managing risk www.ksd.com

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Cours Dtails Hom Highlights Availabl Products Upcoming Products Rply Form 3. A Nin-Part Framwork for ALM Library of 29 Courss Stratgic Framwork Organizational Framwork Oprational Framwork Analytical Framwork Tchnology Framwork Information Rporting Framwork Prformanc Masurmnt Framwork Rgulatory Complianc Framwork Control Framwork 4. Stratgis for ALM On Vs. Off Balanc Sht Stratgy 5. Ovrviw of Lif And Proprty & Casualty Industry Playrs Lif Insuranc Products Proprty and Casualty Insuranc Products Global Landscap and Futur Trnds www.ksd.com

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Cours Dtails Hom Highlights Availabl Products Upcoming Products Rply Form 6. Annuitis to Annuitis Annuity Charactristics Typs of Annuitis Annuitis Calculations quity Indxd Annuitis (IA) Indxing Mthodologis for IA Library of 29 Courss 7. Actuarial Principls Statistical Framwork conomic and Bhavioral Framwork Actuarial Modling Principls Principls Undrlying Financial Scurity Systms 8. Rinsuranc Typ and Mthods of Rinsuranc I Typ and Mthods of Rinsuranc II Altrnativ Risk Transfr Functions of Rinsuranc www.ksd.com

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Cours Dtails Hom Highlights Availabl Products Upcoming Products Rply Form 9. Insuranc-linkd Scuritization Library of 29 Courss to Insuranc-linkd Scuritization Instrumnts for Insuranc- linkd Scuritization Insuranc Risk Structurs Analyzing Insuranc- linkd Scuritization 10. Yild Curv Analysis to Yild Curv Analysis Typs of Yild Curvs Analyzing Yild Curv Bond Arbitrag Stratgis Application of Yild Curv 11. Intrst Rat Gap I to Gap Gap Rport Considrations in Slotting of Diffrnt Itms 12. Intrst Rat Gap II Incom Impact Gap Limits Rstructuring Stratgis Strngth and Limitations www.ksd.com

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Cours Dtails Hom Highlights Availabl Products Upcoming Products Rply Form 13. Simulation And Scnario analysis I Library of 29 Courss to Simulation Masuring Risk Positions Scnarios and Rsults Simulation Modling Backtsting 14. Simulation And Scnario Analysis II Businss Stratgis Mont Carlo Simulation Simulation in Insuranc Dynamic Financial Analysis Cas Study Strngths and Limitations 15. Duration I Duration Vs. Yild Duration Vs. Maturity Duration Vs. Coupon www.ksd.com

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Cours Dtails Hom Highlights Availabl Products Upcoming Products Rply Form 16. Duration II 17. Duration III Duration of a Prptual Bond Duration of a Bond with mbddd Options Duration of Portfolio Duration of Off-Balanc Sht Itms Approximation in Duration Gap Vs. Duration Paymnt Frquncy Stratgis for Risk Managmnt Library of 29 Courss Duration of quity and Lvrags xampls Duration of Complx Itms Lvragd Invrs Floatrs Zro Coupon Yild Curv Comparison 18. Convxity Dfinition of Convxity Convxity Calculation Convxity and Yild Convxity, Maturity, Coupon and Pric Chang Convxity of a Portfolio Positiv and Ngativ Convxity www.ksd.com

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Cours Dtails Hom Highlights Availabl Products Upcoming Products Rply Form 19. Basis Point Valu Calculation of Basis Point Valu for On-Balanc Sht Itms Calculation of Basis Point Valu for Off-Balanc Sht Itms Basis Point Valu of a Portfolio Library of 29 Courss 20. Valu at Risk I Masurs of Risk xposur Computation of VaR Strngths and Limitations of VaR 21. Valu at Risk II VaR for Forign Currncy Spot and Options VaR for Forign xchang Forward VaR for Common Shars VaR for Fixd Incom Scuritis VaR of a Portfolio Applications of VaR www.ksd.com

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Cours Dtails Hom Highlights Availabl Products Upcoming Products Rply Form 22. Application of Analytical Tchniqus Library of 29 Courss Concpts and Assumptions Applications Practics 23. AL Organization Composition of ALCO Scop of ALCO Proprtis 24. ALCO Mtings ALCO Mtings ALCO Data Rquirmnts 25. ALM Policis and Procdurs Policy Statmnt Procdur Manual ALCO Rports www.ksd.com

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Cours Dtails Hom Highlights Availabl Products Upcoming Products Rply Form 26. Audit of ALM Ovrall Approach Audit Library of 29 Courss 27. Rgulations in Insuranc Industry to Insuranc Rgulation Rgulatory Masurs Capital Rgulation Futur Advancs 28. Softwar Applications Propht AV Solcorp/Ingnium GGY and AXIS Th Yild Book Inc PTS Solution Tillinghast/Moss www.ksd.com

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Cours Dtails Hom Highlights Availabl Products Upcoming Products Rply Form 29. Cas Studis - Confdration Lif Insuranc Library of 29 Courss Lssons to b Larnt JOB AIDS Disclosurs Rgulations Policy Tmplats Masurmnt Tools Global Bst Practics

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Availabl Products Hom Highlights Library of 29 Courss Upcoming Products Rply Form Product Nam No. of Courss 1. Asst Liability Managmnt Library of 24 Courss 2. Liquidity Managmnt and Contingncy Funding Plan Library of 14 Courss 3. Capital Adquacy Planning Library of 7 Courss 4. Capital Adquacy Planning for Canada Library of 8 Courss 5. Basl-II: Nw Capital Proposals Library of 8 Courss 6. Asst Scuritization Library of 25 Courss 7. Crdit Drivativs Library of 23 Courss 8. Oprational Risk Managmnt Library of 21 Courss 9. Anti-Mony Laundring Library of 19 Courss 10. Asst Liability Managmnt for Insuranc Companis Library of 29 Courss 11. Global Banking Suprvision Library of 15 Courss 12. Markt Risk (Basic Lvl) Library of 8 Courss 13. Markt Risk (Intrmdiat Lvl) Library of 8 Courss 14. Markt Risk (Advancd Lvl) Library of 4 Courss 15. Crdit Analysis Library of 8 Courss 16. Crdit Ratings Library of 3 Courss 17. Countrparty Crdit Risk Library of 9 Courss 18. Crdit Risk Modling Library of 6 Courss 19. Corporat Govrnanc Library of 9 Courss 20. Financial Mathmatics Library of 7 Courss 21. Futurs & Forwards Library of 7 Courss 22. Swaps Library of 7 Courss 23. Options Library of 10 Courss 24. Mony Markt Instrumnts Library of 9 Courss 25. Financial Privacy Library of 6 Courss www.ksd.com

KSD -larning and rfrnc products for th global financ profssional Asst Liability Managmnt for Insuranc Companis Upcoming Products Hom Highlights Library of 29 Courss Availabl Products Rply Form 1 US Banking Rgulations 2 Corporat Trasury Managmnt 3 Financ for Non-financ Managrs 4 Global Capital Markts 5 Mortgag-backd Scuritis 6 Projct Financ 7 Trad Financ 8 xport Financ 9 Forign xchang 10 Financial Drivativs 11 Currncy Drivativs 12 quity Drivativs 13 Bond Markts 14 Financial Institution Analysis 15 Back Offic Opration for Financial Institution 16 Fiduciary Risk Managmnt 17 Trading Risk Managmnt 18 Trust Oprations 19 Rinsuranc 20 Valu at Risk 21 Businss Statistics 22 Businss conomics 23 Financial Modling using XCL 24 Capital Budgting Analysis 25 Insuranc Rgulations 26 Global Bond Markts 27 US Trasury Scuritis 28 Problm Bank Rsolutions 29 Intrnal Controls for Financial Institutions 30 Audit of Financial Institution 31 Walth Managmnt www.ksd.com

Hom KSD Highlights Library of 29 Courss Availabl Products Upcoming Products -larning and rfrnc products for th global financ profssional Rply Form Nam...(Mr/Mrs/Ms) Company... Phon...Fax... -mail (Corporat IDs Only)... Addrss... I wish to larn mor about your products. Kindly contact m. Plas snd m a brochur and kp m updatd on: -Larning and Rfrnc Products Worldwid sminar calndar for 2003 Asst Liability Managmnt for Insuranc Global Bst Practics in ALM In-hous sminars Asst Scuritization Top Managmnt Forum Trading Risk Managmnt including VaR I wish to rfr my frind who might b intrstd in your product. First nam...last Nam... Position... Organization... Full Addrss......... Phon... Fax... -mail...... I wish to unsubscrib from your mailing list Plas rturn this form by Mail or Fax to: KSD Inc. P.O. Box 910207, San Digo, CA 92191,U.S.A. Phon: (858) 755-8527. Fax:(858) 755-6973. -mail: information@ksd.com For mor information about our -larning product or srvics visit us at www.ksd.com KSD GFTT Global Financial Training and Tchnology PO Box 910207, San Digo, CA 92191, U.S.A " 858-755-8527 # information@ksd.com, information@gftt.com! 858-755-6973! www.ksd.com, www.gftt.com Copyright 2003 KSD Inc.