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Insurance
1. Asset Liability Management for Insurance companies - A Library of 29 Courses
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
Topics covered include:
  • The operational aspects of ALCO meetings
  • The data requirements of ALCO meetings
Duration: 1- 2 hours
 
 
 
Topics covered include:
  • The ALM policy and the procedure manual
  • The contents of the ALCO reports
Duration: 1-2 hours
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
This course discusses the case study of Confederation Life Insurance Company - what actually happened and the lessons learnt Duration: 2- 3 hours
 
 
 
 
 
 
 
2. Asset Securitization Version 2.0 - A Library of 28 Courses
 
 
 
 
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
 
 
 
Topics covered include:
  • Fundamentals of credit enhancement
  • Types of credit enhancement
  • Companies providing credit enhancement
  • Calculating credit enhancement
Duration: 2-3 hours
 
 
 
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
 
 
 
Topics covered include:
  • Basics of Mortgage backed securities
  • Federally sponsored mortgage securities
Duration: 1 hrs
 
 
 
Topics covered include:
  • Concept of prepayment
  • Different prepayment standards
Duration: 1 hrs
 
 
 
Topics covered include:
  • Pass Through Securities
  • Pay Through Securities
Duration: 1 hrs
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
 
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.
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
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
 
 
 
 
 
 
 
 
 
 

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